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Consumer products M&A update: Q4 2022

Increasing labor and ingredient expenses are driving up costs for food and beverage companies and prices for customers.

Consumer products and retail trends

  • Food and beverage
    The Consumer Price Index US city average for food and beverages rose from 312.5 to 315.0 in Q4 2022, a 0.8% increase.1
  • Vitamins, minerals, and supplements 
    In Q4 2022, online consumer engagement for vitamins measured by Google Shopping Trends increased by 5.6%. This increase is slightly higher than the engagement increase in the prior quarter (5.1%).2
  • Specialty retail
    Retailers continue to expand, seeing 20.7 million square feet of net absorption in Q4, lowering the national vacancy rate to 4.2%, the lowest it has been in 15 years.3

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1 FRED, Consumer Price Index for All Urban Consumers: Food and Beverages in U.S. City Average, accessed January 24, 2023.

2 Google Trends, “2022 Shopping Trends – Vitamin (worldwide),” accessed January 24, 2023. 

3 Brin Snelling, “Why retailers will continue to open stores this year, despite economic fragility,” Forbes, January 11, 2023.

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