FMI – The Food Industry Association is launching a web experience, report and online learning opportunities regarding how food prices are determined and how the COVID-19 shock to the supply chain affected them. The campaign’s objective is to provide broader context and clarity for how prices are set and how food costs play a factor on grocery bills.
As part of its educational campaign, FMI is hosting two webinars and invites media to participate:
- Food Prices 101 – FMI VP for Tax, Trade, Sustainability & Policy Andy Harig and Cal Poly Associate Professor Ricky Volpe, Ph.D., who provides a broad overview into factors determining food prices in the U.S. and the impact of the COVID-19 shock, on Oct. 15 at 2 p.m.; and
- Grocer Shopper Food Price Perceptions – Continue discussion of food prices with the Center for Food Integrity on Oct. 29 at 2 p.m. ET as participants dive into consumer perceptions and solutions to mitigate rising food prices.
The COVID-19 pandemic has affected grocery prices more than nearly any other category of consumer spending. In April, the Consumer Price Index for food at-home posted its largest monthly increase since February 1974 and grocery prices are up 5.6 percent for the period June 2019 to June 2020.
