![]() ![]() What is the most interesting or surprising data point to emerge from the inflation dashboard? 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. ![]() 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? Our free, powerful, and easy-to-use Chrome Extension embeds sales and price information on so you can have all the data you need at your. 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%. 12, 2022. These three categories have seen notable spikes through Q4 of 2021 and continue to rise in January 2022. 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. 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. Right now it only tracks the online availability of products at (tracking for your local store forthcoming), but otherwise it has all the features you’ve come to know and love on camelcamelcamel: product tracking and alerts, price history charts, lots of RSS feeds, etc. 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. That work being, a product tracker for Best Buy. 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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