May 13, 2022
Berna Bulbul | Product Manager The Consumer Price Index (CPI) data for April was released showing an 8.3% increase across the board as energy and food prices continue to drive inflationary pressures. While the April year-over-year figure is lower than March’s 8.5%, the index that tracks grocery prices rose 10.8% over the last year, the largest 12-month increase since 1980. The fact that inflation rates are very high compared to previous periods creates an atmosphere of panic in the retail sector. Concern that the products may not be available at the current price in the next shopping, pushes customers towards stocking within their...