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Analysis

Consumer products M&A update: Q3 2024

The Producer Price Index for food and beverage retailers decreased slightly from 266.0 to 265.7 between July 2024 and August 2024.

Consumer products and retail trends

  • Food and beverage
    The Consumer Price Index (CPI) US city average for food and beverages has increased by 2.1% from August 2023 to August 2024.1
  • Health and personal care
    Many consumers are increasingly seeking natural and organic cosmetic and beauty products, specifically in the skincare products sector.2
  • Multi-unit and consumer services
    American consumer spending in the retail and food services sectors rose 2.1% year over year from August 2023 to August 2024.3

 

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References

1. FRED Economic Data, Consumer Price Index for All Urban Consumers: Food and Beverages in U.S. City Average, accessed October 2, 2024.

2. Statisa, “Natural and organic cosmetics in the U.S. – statistics & facts,” November 8, 2024.

3. US Census Bureau, “Advance monthly sales for retail and food services,” October 2024, accessed November 15, 2024.

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