Food Prices and Today's Consumer: The Real Story Behind Food Costs and Inflation| February 28, 2024

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Explore central economic questions related to food prices; Is inflation tamed? Will we see some sort of "normalization" in the months ahead when it comes to the broader economy and food prices in particular? Or have we entered a new economic normal of persistent higher inflation, increased wages, higher interest rates and increasing consumer debt? And how will this environment affect the food industry, the price of food at the grocery store, and consumer shopping behaviors?

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Leo Feler

Chief Economist at Numerator and Professor at UCLA Anderson School of Management

Leo Feler is the Chief Economist at Numerator and a Senior Economist and Professor at the UCLA Anderson School of Management. At Numerator, Dr. Feler is responsible for thought leadership on economics and consumer behavior and publishes monthly reports on consumer price inflation, retail sales, consumer sentiment, and the labor market. At UCLA, Dr. Feler teaches courses on business forecasting and entry into emerging markets and prepares quarterly US economic forecasts. Previously, Dr. Feler advised the US government and private sector companies on mergers and antitrust litigation. Dr. Feler has also taught at Johns Hopkins University and worked as a consultant with Boston Consulting Group and the World Bank. Dr. Feler holds a PhD in economics from Brown University and degrees in economics and international policy from Stanford University.

Andrew S. Harig

Vice President - Tax, Trade, Sustainability & Policy Development

FMI -The Food Industry Association

Andrew S. Harig currently serves as Vice President, Tax, Trade, Sustainability & Policy Development at FMI-The Food Industry Association. In this position, he is responsible for lobbying Congress and the Administration on behalf of FMI members, with a primary focus on agriculture, taxes, trade, sustainability, food waste, and pensions. Prior to joining FMI, Andy was an associate trade advisor and speechwriter for the Senate Finance Committee under its Chairman, Max Baucus (D-MT).  From 1999-2001, he was the senior research associate for the Global Economic Policy Project at the New America Foundation, a Washington, DC-based think tank. Andy holds a B.A. from the College of William and Mary and an M.A. from DePaul University in Chicago, IL.

Steve Markenson

Vice President, Research & Insights

FMI - The Food Industry Association

Steve Markenson leads FMI’s research & insights practice. Markenson is a market research executive with 30 years of progressive experience in his field – from research assistant to president of a full-service national market research firm – and his diverse experience includes research design, information/data collection and analysis and strategic planning.

In his role at FMI, Markenson oversees the research & insights practice at FMI, specifically the study design, survey fielding and efforts with outside knowledge partners and FMI subject matter experts. He leads the discovery process on the latest industry trends and operational insights that champion FMI as a credible voice of the food retail industry. 

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Food Prices and Today's Consumer: The Real Story Behind Food Costs and Inflation
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