More consumers are shopping multiple grocers to find the lowest prices, report finds
Dunnhumby’s new findings show 18- to 44-year-olds are at the epicenter of a food and financial insecurity crisis that is impacting grocery shopping behaviors.
Forty percent of consumers surveyed in April are shopping multiple grocery stores to find the lowest prices — up 9% year over year, according to the fourth wave of the Dunnhumby Consumer Trends Tracker released Wednesday.
The quarterly tracker, which just completed its first year, found in its most recent wave that U.S. consumers believe food-at-home inflation is 15 points higher than the actual 7.1% annual rate recorded in April.
“Over this year-long study, we have seen a very troubling trend of nearly a third of all Americans and nearly 40% of younger Americans, skipping meals due to financial concerns. And wave after wave, our research has also shown that 18-44-year-olds are at the epicenter of a food and financial insecurity crisis that shows no signs of abating,” Matt O’Grady, president of Americas for Dunnhumby, said in a statement.
Related news
Getir pulls out of the US but says FreshDirect will keep operating
The quick-delivery company said it is redirecting its capital to…
Read more >NRF: Mother’s Day spending estimated to reach $33.5 billion
According to new survey data from the National Retail Federation…
Read more >Unilever launches Knorr meal cups to attract working consumers
The brand, recognized for its sauces and broths, is launching seven…
Read more >Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >