Inflation for the produce category increased from 1.6% to 19.6% from the beginning of Q4 to the end of Q4 (October through December), demonstrating the continued volatility in the supply chain and labor issues. What is the most interesting or surprising data point to emerge from the inflation dashboard? Barcode Scanner for Walmart (22) iOS Universal 1. A holistic view across categories and key value items (KVIs) can help manage this across the shelves throughout the year ensuring a balanced approach to these changes. We’ve seen that these insights paired with local-level, real-time product pricing, promotion and assortment data are critical assets that help retailers manage through these challenges.
These inflation trends can strategically be used to pass pricing increases/decreases on to the customer as a way to manage customer value perception and customer loyalty. The ability to track inflation across the store will present retailers with critical market-wide knowledge they can leverage to set prices on products. How can grocery retailers benefit from tracking inflation across the store and how can they leverage this data? Thus far in January 2022, the condiments, sauces and spices category has increased year over year the most at 21.3%, followed by the candy category at 20.3%. 12, 2022. These three categories have seen notable spikes through Q4 of 2021 and continue to rise in January 2022. Users can view a graph to help them keep track of price changes over time. You can use the app to track the price of items on the major sites, including eBay, Amazon, Flipkart and more. Jennifer Strailey: Which categories on the dashboard are the most sensitive to inflation?īen Reich: Based on the dashboard, the top three categories demonstrating dramatic price inflation year over year are produce (12.1%), meat and seafood (9.7%) and condiments, sauces and spices (8.7%) as of Jan. Fluctuate is a price tracker which allows you to track the price of products on ecommerce websites.
To gain a better understanding of the dashboard and its meaning for grocery retail, WGB recently sat down with Datasembly CEO Ben Reich. This dashboard provides year-over-year price change data of 273 products at 10,370 unique stores covering four retail chains: Albertsons, Target, Kroger and Walmart. Our free, powerful, and easy-to-use Chrome Extension embeds sales and price information on so you can have all the data you need at your. The company provides access to billions of grocery and retail pricing records from every store at hundreds of retailers. More recently, Datasembly worked with WGB to curate a list-a price inflation dashboard-to show how inflation is impacting some of grocery’s top products and product categories. Datasembly, a real-time online and brick-and-mortar product data provider, recently launched its Grocery Price Index tool that allows CPG companies and retailers to stay ahead of grocery pricing, monitor the competition and improve price and promotional strategies.
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