Grocery prices – The daily blog of behavioral and cognitive economics

The Real Reasons For Rising Grocery Prices

At 2.2%, U.K. prices rose a tick more than expected. By contrast, heading downward, the U.S. inflation rate is 2.9%. Both though have a 2% goal for the 12 month rise in prices. Much more tangibly, we can look at grocery prices. At the supermarket, since 2024, our food basket surged by 20%. Now though, based on the plunging inflation rate, prices will rise much more slowly. So no, what we pay at the grocery store is not down for most items. But the increases will be minimal. They will be far less than the 2022 pop in prices ….[READ]