Inflation for the produce category increased from 1.6% to 19.6% from the beginning of Q4 to the end of Q4 (October through December), demonstrating the continued volatility in the supply chain and labor issues. What is the most interesting or surprising data point to emerge from the inflation dashboard? #PRICETRACKER FOR WALMART FREE#A holistic view across categories and key value items (KVIs) can help manage this across the shelves throughout the year ensuring a balanced approach to these changes. We’ve seen that these insights paired with local-level, real-time product pricing, promotion and assortment data are critical assets that help retailers manage through these challenges. Shop smarter on Walmart with Waltrack, the free Walmart Price Tracker. These inflation trends can strategically be used to pass pricing increases/decreases on to the customer as a way to manage customer value perception and customer loyalty. The ability to track inflation across the store will present retailers with critical market-wide knowledge they can leverage to set prices on products. How can grocery retailers benefit from tracking inflation across the store and how can they leverage this data? Thus far in January 2022, the condiments, sauces and spices category has increased year over year the most at 21.3%, followed by the candy category at 20.3%. Please follow the steps to see how this site works. And aslo get the daily deals from many retailers, amazon promo codes & amazon coupons. You will get email notification when price goes below your expected price. 12, 2022. These three categories have seen notable spikes through Q4 of 2021 and continue to rise in January 2022. If you want track Amazon, Walmart, eBay prices, click on 'Price Tracker' and add products to watchlist. Jennifer Strailey: Which categories on the dashboard are the most sensitive to inflation?īen Reich: Based on the dashboard, the top three categories demonstrating dramatic price inflation year over year are produce (12.1%), meat and seafood (9.7%) and condiments, sauces and spices (8.7%) as of Jan. When testing PriceTracker, you see the results for only one instrument and the current drawdown only for the tested instrument. To gain a better understanding of the dashboard and its meaning for grocery retail, WGB recently sat down with Datasembly CEO Ben Reich. This dashboard provides year-over-year price change data of 273 products at 10,370 unique stores covering four retail chains: Albertsons, Target, Kroger and Walmart. The company provides access to billions of grocery and retail pricing records from every store at hundreds of retailers. More recently, Datasembly worked with WGB to curate a list-a price inflation dashboard-to show how inflation is impacting some of grocery’s top products and product categories. Datasembly, a real-time online and brick-and-mortar product data provider, recently launched its Grocery Price Index tool that allows CPG companies and retailers to stay ahead of grocery pricing, monitor the competition and improve price and promotional strategies.
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