Agriculture News

June 12, 2024

Consumers see food prices as rising more than other goods and services, find ways to adapt

WEST LAFAYETTE, Ind. — More than 80% of consumers perceive that food prices have increased a little or a lot over the last 12 months, according to the May 2024 Consumer Food Insights Report (CFI).

The survey-based report out of Purdue University’s Center for Food Demand Analysis and Sustainability assesses food spending, consumer satisfaction and values, support of agricultural and food policies and trust in information sources. Purdue experts conducted and evaluated the survey, which included 1,200 consumers across the U.S. 

The May CFI survey asked consumers to report their experiences and responses to rising food prices over the last 12 months. The May survey revisited generational differences analyzed in past reports by categorizing consumers into Gen Z (born after 1996), millennials (born 1981-1996), Gen X (born 1965-1980), and boomer-plus (born before 1965).  

For more details, read about the entire report here.

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