Biden-Harris Administration announces more than $34 million in Inflation Reduction Act funding toward grants, cooperative institutes, contracts and federal employment.

Although stats indicate that inflation is technically easing, shoppers continue to feel pressure on their pocketbooks.

Inflation and public controversy are diminishing brand loyalty.

When faced with higher prices, consumers will use multiple tactics to reduce or reallocate at- and away-from-home food spending, like trading down to private label, buying in bulk, using more leftovers or choosing a quick-service restaurant over a full-service restaurant.

IRI discusses its November inflation report and what the findings mean for consumers, as well as the meat and protein industries.

November food inflation increased at the slowest rate, +0.3% compared to October; center-store inflation moderated the most.

Now is the time to become a "smart shopper" by consulting flyers for specials, creating and sticking to a budget and shopping list, looking for substitutes for expensive foods or freezing meat when it comes on sale.

For many economically pessimistic consumers attractive pricing will seal the deal, while value-added products offering convenient meal options appeal to busy shoppers.   

Consumers are trying to determine how much their time really is worth in an inflationary environment.

High inflationary levels keep consumer food spending largely at retail.