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Analysis

Consumer products M&A update: Q2 2024

The Producer Price Index for food and beverage retailers decreased slightly from 270.9 to 270.5 between March 2024 and June 2024.

Consumer products and retail trends

  • Food and beverage
    The Consumer Price Index (CPI) US city average for food and beverages has increased by 2.2% year over year from June 2023 to June 2024.1
  • Health and personal care
    According to a survey published in May 2024 by Leger, 81% of respondents prioritize physical health, and 75% of respondents buy vitamins to improve their quality of life.2
  • Multi-unit and consumer services
    American consumer spending in the retail and food services sectors rose 2.3% year over year from June 2023 to June 2024.3

 

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References

FRED Economic Data, Consumer Price Index for All Urban Consumers: Food and Beverages in U.S. City Average, accessed July 16, 2024.
2 Leger, “Trends in health and wellness for 2024,” accessed July 16, 2024.
3
US Census Bureau, “Advance monthly sales for retail and food services, June 2024,” release no. CB24-126, accessed July 16, 2024.

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