↕️ Is Food Inflation Finally Subsiding?

This morning the U.S. Bureau of Labor and Statistics released April’s Consumer Price Index (CPI) data, which showed that food prices rose slightly (0.2%) from March. These results come after a year in which food prices have risen 2.2% overall. Though this sounds like good news for shoppers, let’s dig into by-category numbers to get a granular picture of what today’s results really mean.

Here’s the good news:

• Meats, Poultry, Fish, And Eggs: Decreased by 0.1% last month and increased 1% for the year. 
• Fruits And Vegetables: Down 0.2% from March but up 1.7% since April 2023.
• Non-alcoholic Beverages: Declined 0.3% and increased 2.3% in the last year.
• Food At Home: Up 0.1% for the month and up 1.1% for the year.

As for the less heartening bits:

• Cereals And Bakery Products: Increased 0.3% since March and 0.6% for the year.
• Dairy And Related Products: Up 0.5% over the last month but down 1.3% for the year.

What does this all mean? Become an Insider to better understand the state of food prices and access our exclusive insights and context from the report. 

UNSTUCK, a nonprofit organization by the Tent Partnership For Refugees, has ceased operations, according to director Nick O’Flaherty. The organization worked to create jobs for refugees, primarily in Colombia and Peru, by aligning a brand’s supply chain for one or two products with suppliers that hired displaced individuals. 

🥭 The initiative launched in 2021 with a single co-branded Chobani yogurt SKU and added five new brand partners the following year, including GoodPop, La Colombe Coffee Roasters, Petit Pot, Pitaya Foods and That's it.

🔀 O’Flaherty told Nosh late last year that the organization had reworked its model once again to reduce friction. (ICYMI: Chobani chairman and CEO, Hamdi Ulukaya, also founded the Tent Partnership For Refugees)

⏯️ While the initiative has been paused, Eric Lallert, CEO of Petit Pot, noted the significant, lasting value the program had, including helping emerging brands forage mission-aligned supplier relationships. 

🔊 “Our coalition’s ambition and bold leadership has shifted mindsets and norms both here in the U.S. and in sourcing countries – opening up employment opportunities for refugees for years to come,” O’Flaherty said in a post. 

Go Deeper: Learn about UNSTUCK’s approach.

• A recap of organic product sales growth across top categories
• PANOS Brands expands portfolio via a new acquisition 
  
• Details on Walmart's latest employee policy changes
• How an animal-free cheese maker is scaling up through a major manufacturing deal

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