Shifting customer preferences and the rising habit of consuming non-alcoholic beverages should help the beverage sector stay afloat. Therefore, investors could consider buying fundamentally sound beverage stocks PepsiCo, Inc. (PEP), Anheuser-Busch InBev SA/NV (BUD), and Primo Water Corporation (PRMW) to garner steady returns.
The Consumer Price Index (CPI) measured 6% in February, down from January’s 6.4% and in line with expectations. This marked the eighth consecutive month that the annual rate has declined and the lowest level since September 2021. The Impact of Inflation on Consumer Behavior report predicts a 5.5% increase in food and beverage dollar sales through all channels for the full year.
