Grocery Shoppers Cut Purchases 0.9% as 29% Turn to BNPL and SNAP Rolls Drop 12%
Updated
Updated · Grocery Dive · Jun 22
Grocery Shoppers Cut Purchases 0.9% as 29% Turn to BNPL and SNAP Rolls Drop 12%
1 articles · Updated · Grocery Dive · Jun 22
Summary
0.9% fewer food and beverage units sold in the week ended May 31 extended a monthlong slide, with every May week down year over year as shoppers pulled back.
2.7% grocery inflation in May kept pressure on budgets near a three-year high; beef and veal prices rose about 13%, while tomatoes and instant coffee jumped roughly 32% and 24%.
29% of consumers said in March they had used buy now, pay later for groceries, up from 25% a year earlier, underscoring how more households are relying on short-term credit for essentials.
37.3 million people received SNAP in March, down about 12% from a year earlier after tighter eligibility rules under Trump-era legislation, raising risks of food insecurity and weaker grocery demand.
Consumer sentiment rose 9% in June after four monthly declines, but it remained 19% below a year earlier, showing inflation anxiety still dominates grocery spending behavior.