The average cost per grocery item in the USA decreased by 2.2 percent in November 2022 as reported by Stor.ai, a global e-commerce platform for grocery chains. This decrease reverses the trend of consistent increases in average cost per grocery item for the last several months. Analyzing over 1M items transactions on its platform, the average cost per item in November was $6.21, down from $6.35 in October, $6.34 in September and $6.33 in August. While Stor.ai does operate on a global scale, these findings are specific to the U.S. market.
“Hopefully, this is another good indication that the peak inflation period is behind us,” said Charlie Wright IV, US president of Stor.ai.
Fresh produce
As for the fresh produce category, it actually decreased by just $0.01 in November, an insignificant number. While Stor.ai does not break out its e-commerce sales by category, fresh produce accounts for approximately 13 percent of total overall sales.
| Fresh Produce | |
| January | $2.51 |
| February | $2.57 |
| March | $2.63 |
| April | $2.64 |
| May | $2.64 |
| June | $2.65 |
| July | $2.61 |
| August | $2.66 |
| September | $2.67 |
| October | $2.68 |
| November | $2.67 |
Despite the November decrease in average cost per grocery, it’s still a lot more expensive to shop for groceries than it was in 2021. In November 2021, the average cost per grocery item transacted on the Stor.ai platform was $5.57, meaning the cost per item has increased by 11.5 percent since last November.
In conjunction with the reduction in cost per item, the average order value also decreased from $184 to $180, a 2.2 percent drop.
Photo source: Dreamstime
For more information:
Shmuel Tennenhaus
Stor.ai
Tel: +1 (917) 406-5088
[email protected]
https://stor.ai/