Posted 2/3/2024, 1:13:27 AM
Grocery Bills Still Painfully High Despite Slowing inflation
- Grocery prices rose 1.3% in 2023 but are up 20% over the last 3 years, so prices still feel high to shoppers
- 72% say groceries are where they feel inflation the most; 59% feel angry, anxious or resigned when grocery shopping
- Nonprofits like Every Meal struggle with higher food costs too, even when inflation slows
- Food manufacturers are selling fewer units despite raising prices, showing pushback from shoppers
- If enough shoppers reduce buying, it could spur grocers and food companies to drop prices