FMI Statement on July 2026 CPI Food Price Numbers
“Consumers remain highly attentive to grocery prices and are adjusting how they shop to make household budgets work harder,” FMI’s Steve Markenson said.
“Consumers remain highly attentive to grocery prices and are adjusting how they shop to make household budgets work harder,” FMI’s Steve Markenson said.
Galarza has led strategic partner relationships, joint business planning, and cross-functional initiatives across the food and beverage sector
"Durable reform requires Congress to give FDA the clear mandate, tools and resources necessary to modernize the GRAS program effectively and establish a national uniform standard."
“FMI looks forward to working with Congress on bipartisan policies that encourage innovation while protecting consumer privacy.”
A new FMI report states retailers can grow by organizing beverage assortments around consumer needs and shopping occasions instead of traditional categories.
"Store managers are essential leaders in the food industry, combining business savvy, customer service, and social skills to create a store environment where the local community finds the food they want and the connections they seek."
"The challenges and opportunities facing independent operators today require stronger industry alignment than ever before."
"These appointments reflect our commitment to building an organization that is both a powerful advocate for the food industry and an innovative partner for our members."
Food-at-home prices increased 0.2% in June, while grocery prices were up 2.7% from a year earlier, matching the annual increase recorded in May.
Grocery retailers are expanding technology, private brands, and wellness initiatives to deliver more value and improve shopping, FMI’s latest industry report says.
“These promotions recognize individuals who consistently deliver meaningful results and help advance our mission to support the food industry,” said Leslie G. Sarasin, president and CEO of FMI.
Findings highlight private brands' importance, with 56% of shoppers saying a retailer’s private-brand assortment greatly influences their shopping choices.
FMI Chief Public Policy Officer Jennifer Hatcher said the food industry supports the FDA’s goal of improving product traceability during food safety events, while keeping implementation practical and cost-effective.
Grocery inflation cooled significantly in May, but FMI warns that drought conditions, fertilizer costs and trade-related expenses could keep pressure on food prices through the summer.
Industry veteran brings over 30 years of leadership experience across retail, foodservice and trade association sectors.
FMI – The Food Industry Association has announced the 12 finalists for its 2026 Store Manager Awards, recognizing grocery retail leaders who have demonstrated excellence in operations, leadership, innovation and community engagement.