According to Deloitte's Food Frugality Index, polled consumers have responded to the rising prices in food with frugal behaviors such as purchasing more affordable options of different products, including cheaper meats, store brands, and reducing food waste. Between September 2022 and May 2023, consumers in Mexico tended to be more frugal in their food spending, with the index staying at or over the September 2022 baseline (100). This trend went down to 89 in June 2023 and remained below 95 in later months, suggesting a slight decrease in frugality when purchasing food at grocery stores.
Food frugality in grocery shopping in Mexico from September 2022 to September 2023
According to the source, the Food Frugality Index is a monthly proprietary measure of respondents engaging cost-saving behaviors. Higher index values indicate more frugality.
Food frugality related behaviors include purchasing lower-cost meats, purchasing mostly store brands, purchasing lower-cost ingredients, reducing at-home food waste, buying only essentials, and buying less than wanted.
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Deloitte. (October 30, 2023). Food frugality in grocery shopping in Mexico from September 2022 to September 2023 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1422328/mexico-food-frugality-in-grocery-shopping/
Deloitte. "Food frugality in grocery shopping in Mexico from September 2022 to September 2023." Chart. October 30, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1422328/mexico-food-frugality-in-grocery-shopping/
Deloitte. (2023). Food frugality in grocery shopping in Mexico from September 2022 to September 2023. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1422328/mexico-food-frugality-in-grocery-shopping/
Deloitte. "Food Frugality in Grocery Shopping in Mexico from September 2022 to September 2023." Statista, Statista Inc., 30 Oct 2023, https://www.statista.com/statistics/1422328/mexico-food-frugality-in-grocery-shopping/
Deloitte, Food frugality in grocery shopping in Mexico from September 2022 to September 2023 Statista, https://www.statista.com/statistics/1422328/mexico-food-frugality-in-grocery-shopping/ (last visited November 03, 2024)
Food frugality in grocery shopping in Mexico from September 2022 to September 2023 [Graph], Deloitte, October 30, 2023. [Online]. Available: https://www.statista.com/statistics/1422328/mexico-food-frugality-in-grocery-shopping/
