The May 2023 edition of our monthly Consumer Food Insights survey is now out.
A few highlights:
Consumer food spending is at its highest level since our survey began in January 2022.
Food insecurity ticked up to 16%.
There has been a decline in the length of time individuals report being on Supplemental Nutrition Assistance Program (SNAP) (conditional on being in the program)
Some good news: we continue to see a steady decline in the share of consumers who report not being able to find items they wish to buy at the grocery store. That is, reported stock-out rates are declining.
We compared the spending and buying behavior of households who spend more vs. less on food on a per-person basis.
There’s a lot more in the report.