‘Rockets and feathers’: Economists say grocery prices shoot up like the first, fall like the second
Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers.Recommended Video Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with the sharpest increase in grocery prices in 50 years.
- ▪Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers.Recommended Video Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic.
- ▪Feathers, because once prices rise, they’re slow to come down.
- ▪That’s been frustrating for Americans hit with the sharpest increase in grocery prices in 50 years.
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Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers.Recommended Video Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with the sharpest increase in grocery prices in 50 years. While food price inflation peaked in 2022, when prices jumped 11.4%, prices have not reversed course. An acceleration in flation after the U.S. and Israel attacked Iran has prolonged the aggravation.
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