Inflation Trends - Inflation has steadily cooled over the past two years, with a slight stall in October and November [1] - Prices for gasoline, used cars, and energy have declined accordingly [1] - Food prices have increased by 28% since 2019, outpacing overall inflation [1] Consumer Behavior - More than 85% of consumers report frustration with rising grocery prices [1] - Over a third of consumers have resorted to buying fewer items to save money [1] Expert Opinions on Food Prices - High food prices are expected to persist, as food prices tend to stay elevated once they rise [2] - Experts are skeptical about the effectiveness of policy interventions in reducing food prices [2] - The current political climate introduces uncertainties, making it challenging to predict future food price trends [3] Impact of Tariffs and Workforce Changes - Tariffs are expected to significantly increase food prices [4] - Mass deportations could harm the workforce that supports the food system, negatively impacting the economy [4]
Experts say high food prices are here to stay. Here's why