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Grocery Pricing

All articles tagged with #grocery pricing

New Jersey Moves to End Personalized Grocery Pricing with New Law
policy19 days ago

New Jersey Moves to End Personalized Grocery Pricing with New Law

New Jersey approved the bipartisan Fair Price Protection Act to ban AI/algorithm-driven and surveillance-based pricing in grocery stores and to pause electronic shelf labels for at least a year, awaiting Governor Sherrill’s signature. The bill includes exemptions for loyalty programs and certain discounts and mirrors similar moves in Maryland and Connecticut, as lawmakers argue it protects consumers amid rising grocery costs while opponents worry about regulatory consequences and job impact.

"Rising Inflation Threatens Restaurant Chains as Dining Costs Soar"
businesseconomy2 years ago

"Rising Inflation Threatens Restaurant Chains as Dining Costs Soar"

Inflation data shows a 5.1% year-over-year increase in dining out costs, while grocery prices rose by 1.2%. Rising labor costs, minimum wage hikes, and impending wage increases in several states are expected to impact restaurant chains, leading to potential customer pullback and transaction size reduction. Brands like McDonald's, Wendy's, Domino's, Taco Bell, and Starbucks are already feeling the effects, with some adjusting their strategies to cater to changing consumer sentiments. Meanwhile, consumer staples companies supplying grocery stores, restaurants, and bars may be well positioned, with PepsiCo expecting to gain market share within the restaurant industry. However, moderating inflation is unlikely to result in lower grocery prices, as consumer staples companies are expected to hold higher prices and reinvest profits behind their brands.