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.

Inflation glossary

The Grocery Price Tracker

The cost to consume

Resources

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.

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The Grocery Price Tracker

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.

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%.

The cost to consume

A woman buys a water bottle in shop on the brink of a US recession

Consumer Recession
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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.

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Resources

Infographic

The year of inflation

Learn how inflation has impacted consumer behavior across the globe.

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Webinar

The Canadian shopper journey

See how Canadian consumers are responding to inflation.

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Webinar

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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