US: Inflation’s continued cooling in January does not translate to an increase in seafood sales and volume

Inflation on seafood prices at U.S. retailers continued to ease to start the new year, but that did not lead to increased sales of seafood, as fresh and frozen seafood sales and volume dipped in January.Frozen seafood prices declined 6.6 percent to USD 7.32 (EUR 6.80) per pound on average year over year, according to new Circana data analyzed by 210 Analytics. Fresh seafood prices dropped 3.6 percent year over year to an average price of USD 9.26 (EUR 8.60) per pound, while shelf-stable seafood prices fell 0.5 percent year over year.However, consumers looking for sources of protein consistently turned toward lower-priced meat and poultry options, such as chicken, which sported an average price of USD 3.05 (EUR 2.80) per pound on average in January; pork, which had an average per-pound price of USD 3.20 (EUR 3.00) in January; and beef, which reached USD 6.15 (EUR 5.70) per pound during the month, 210 Analytics Principal Anne-Marie Roerink told SeafoodSource.“Because seafood is ...