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Food inflation continues to rise and reached 14.5% in February

2023-02-23T12:08:53.732Z


Shelf prices have continued to rise this month, according to an IRI barometer for LSA. Consumers respond by restricting their purchases.


The shopping bill continues to soar in supermarkets.

While some specialists are predicting a month of “

red march

”, marked by sharp price increases on the shelves, food inflation continues to rise, according to IRI's latest barometer for LSA.

And this, for all references.

"

In the midst of trade negotiations - which end on

February 28 - prices continue to rise for both national brands and private labels, reflecting the prices previously approved and the cost increases that distributors are experiencing,"

said Emily Mayer, director Business Insight at IRI.

This galloping inflation directly affects the wallets of the French, who are forced to restrict their purchases to respect their budget.

Thus, according to IRI, sales of consumer products in supermarkets fell by 3.9% in volume last week, compared to the same period a year ago and by 5% since the beginning of the year. .

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No store escaped this drop in consumption: -4.6% over one year for hypermarkets, -2.8% for supermarkets, -1.4% for convenience stores and -8.4% for purchases in drive or delivery, underlines the note of IRI.

All departments are also concerned, ranging from parapharmacy products and accessories (-66.2% in volume sales over one week), to ready meals, hygiene products or frozen foods.

Some categories are still doing well, such as extruded cakes for the aperitif (+27.6%), cereal bars, canned mackerel, chewing gum or even hand and lip care.

Driven by price increases, sales in value however recorded an increase of 10.1% last week.

They have thus increased by 8.5% since the beginning of the year.

The biggest increases are concentrated in tissues (+59.2%), mustards (+49%), extruded cakes (+48.3%), sugars (+39.8%) and preserves mackerel (+38%), according to IRI.

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The observation drawn up by IRI goes hand in hand with the observations of INSEE.

In a note published in mid-February, the national statisticians pointed out that in January, “

over one year, food prices increased by 13.3

% in January, after +12.1% in December

”.

Fresh fruit, fresh fish, bread, cereals, milk, cheese, eggs, sugar, jam... Many products saw price increases accelerate in January, according to experts.

What weigh even more heavily on the household budget.

Source: lefigaro

All news articles on 2023-02-23

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