Food and beverage stores
Industry profile, February 2020
Sections: Description | Pricing | Costs | Appendix
This page is an industry profile for the Food and beverage stores industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Food and Beverage Stores subsector usually retail food and beverage merchandise from fixed point-of-sale locations. Establishments in this subsector have special equipment (e.g., freezers, refrigerated display cases, refrigerators) for displaying food and beverage goods. They have staff trained in the processing of food products to guarantee the proper storage and sanitary conditions required by regulatory authority.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had increased 1.3 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 1.6 percent.
- Prices increased 7.7 percent in the five year period starting in January 2015 and ending in January 2020.
To download this data, or to learn more about how costs for this industry are measured, please contact us.
- As of January 2020, costs in this industry had 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.9 percent.
- Costs increased 6.7 percent in the five year period starting in January 2015 and ending in January 2020.
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- The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 51% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Transportation and Warehousing sector. Costs associated with this sector increased 3.4%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 51% | +1.7% |
| Real Estate and Rental and Leasing | 12.3% | -2% |
| Manufacturing | 7.7% | +0.2% |
| Transportation and Warehousing | 5.2% | +3.4% |
| Professional, Scientific, and Technical Services | 4.7% | -1.3% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU445---445---.
- Costs measured from January 2020
