Posted 2/20/2024, 1:19:19 PM
Food Price Hikes Slowing Down, Offering Consumers Some Relief
- Food companies predict smaller price increases in 2023, providing relief for consumers and White House
- Grocery bills and restaurant checks still expected to rise, just more slowly than before
- Two years of rapid food inflation have strained household budgets and been a political liability
- Shopper confidence rising slowly as rate of price hikes starts decreasing
- Companies attributing slower pace to consumers pushing back and moderating input costs
