Food Prices Fall! – First Time Since 2020
Grocery prices (the “food at home index”) fell in March for the first time since 2020, down 0.3% from February.* According to Barron’s, overall consumer prices were 5% higher in March than a year ago, down from 6% in February and 9.1% last summer. Egg prices were down...
Beverage Drinkers Want MORE!
Drinks With Added Flavor or Added Ingredients and “2-for” Deals Drive Sales. The landscape of beverage sales is changing. The pandemic brought out consumers who wanted to stock up on multipacks while neglecting singles. Now we’re returning to a more normal consumer...
Growth of Cold Brew Coffee Continues to Explode
Only a few years ago, getting a “cold coffee” was either a reason to complain to the manager or it was “Iced coffee,” which was hot coffee poured over ice. How much things have changed! Cold Brew is Growing Faster! Cold Brew Coffee is made with coffee grounds steeped...
The Foodservice Industry is Back Baby!
Last Month the restaurant industry marked its 26th straight month of job gains, adding nearly 70,000 jobs. This brings the jobs number to within one percent of the February 2020 peak! * Looking forward, the National Restaurant Association (NRA) predicts that the...
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