Key insights include:

  • Environmental impact is weighted lowest of the six food values, but it scores twice as high among Gen Z compared to Boomer+.56% of Americans report food prices as having risen the most compared to other standard household expenses in the past year.
  • The most common food shopping adaptations to food inflation are seeking out sales/discounts, switching to cheaper/generic brands and buying fewer non-essentials.
  • Boomer+ consumers are least likely to have changed food shopping behaviors in response to higher prices.
  • 37% of Gen Z and Millennials report drawing from savings or going into debt to finance their food purchases.
  • Food insecurity remains highest among Gen Z consumers (29%) relative to Millennials (15%), Gen X (13%) and Boomer+ (5%).
  • CPI food inflation remained steady at a year-over-year rate of 2.2% for the third month in a row.

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Survey Questionnaire: May 2024

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Formulas and Calculations

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Past Consumer Food Insights

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WHAT WOULD YOU LIKE TO KNOW ABOUT CONSUMERS?

If you are interested in additional analysis or adding questions to the survey, consider joining our Consumer Insights consortium. Contact rdevans@purdue.edu to learn more.

Published:
June 11, 2024

Data & Resources