An analysis of the recent drop in grocery prices, their effects on the overall food economy, and how they may affect future food-at-home price inflation for consumers. …
Food, on average, is the third largest consumer spending category behind housing and transportation, and rising food prices can have a significant effect on consumers’ pocketbooks. Fluctuations in food prices may trigger changes in the foods consumers buy, and these demand shifts have implications throughout the U.S. food system—from the farmer to the grocery store and restaurant. …
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