Monthly online grocery inflation in the U.S. 2021-2022

In the United States, year-on-year (YoY) inflation for online grocery products was approximately 13.6 percent as of October 2022. From June 2021 to October 2022, monthly inflation in this category was the highest in August 2022, at roughly 17 percent.

Inflationary market

Inflation has skyrocketed. In the United States, the inflation rate peaked at 8.3 percent as of June 2022. The last time the U.S. saw such high values was in 1990, when the inflation rate stood at 5.4 percent. But it's not all doom and gloom. According to a forecast, the global inflation rate will decrease to 4.85 percent in 2023 and continue to decline.

Ever-rising prices

Consumers are changing their shopping habits in response to the bleakest inflationary market the industry has seen in decades. Rising grocery prices are the main issue affecting online shoppers worldwide. While grocery products are the latest items to be cut off by consumers in times of instability, rising prices will cause shoppers to purchase less and find cheaper alternatives for fashion items. Moreover, in February 2022, roughly 62 percent of global buyers changed their purchase habits with alcoholic beverages, 57 percent with packaged food, and 44 percent with fresh food.