The consumer may be the most interesting wildcard in 2024, except for perhaps Tommy Devito and his...
On the latest Farm to Fork: The Innovators Podcast episode, Jonathan Maze details the challenges with the consumer including strong menu price inflation. Sure menu price inflation since January 2020 is just marginally above grocery store inflation as shown at the chart at top. However, consumers have short memories, as do I as I get older. For those keeping score, and you know I got you, menu price inflation since January 2023 is up almost 7 times grocery store inflation. Cue Janet Jackson...."What have you done for me lately."
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