Tracking inflation’s impact around the world
Inflation has strained consumers’ wallets and dominated headlines throughout 2022. NielsenIQ is monitoring its impact on consumer mindsets and everyday grocery products as the cost of goods and services continues to rise around the world.
What is inflation? Glossary of terms, definitions, and meanings
We’ve compiled this glossary to help break down the various economic terms, acronyms, and jargon that are now popping up in news stories, social posts, and table top talk. We’ll be updating this word bank as the global conversation evolves.
A snapshot of NielsenIQ’s Global Grocery Price Tracker. Click the arrows to compare pricing insights from markets around the world and use the two charts to compare the impact of inflation from country to country.
Change in average equivalized price for grocery departments
Inflation continues to fuel potential consumer recession
In early October, the U.S. government released the Consumer Price Index (CPI) for September. The report showed inflation was at 8.2%, an increase of 0.4% from August, which itself saw a 0.1% increase.Read more
Consumers exhibit cautious spending
67% of Americans think we are currently in a recession, up from 53% in Q2. Importantly, 52% of consumers surveyed think the pending recession will last well beyond the next year.
Private label is at an all-time high
Private Label, which on average provides 14% savings versus other brands, has set a new report share, now accounting for 19% of CPG sales in the U.S.
Consumption continues to decline
CPG sales growth continues to be fueled by rising prices as consumption declines. Consumers may be spending more, but they are putting fewer items in their shopping basket. September reported a 9% lift in dollar sales, whereas unit consumption dropped -3%.
Consumer recessions occur when the core habits of traditional consumption shift, forcing shoppers to behave as though a recession is already here. Learn more with NIQ’s latest Consumer Recession update.
The year of inflation
Learn how inflation has impacted consumer behavior across the globe.
The Canadian shopper journey
See how Canadian consumers are responding to inflation.
Inflation Report Pack
Inflation is here. Do you have the actionable insights you need now to plan for what’s next? We’ve created an affordable report pack to arm you with the data you need to get ahead of inflation.
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