US food prices are finally easing—but not if you’re eating out
Posted on AllSides November 10th, 2022
From The Center
Image: Marco Bello (Reuters)
ANALYSIS
Grocery prices are still up a lot—12.4% year-over-year in the US in October, according to the Bureau of Labor Statistics (BLS).
But the decline in commodity prices such as wheat and corn, due in part to the easing of pandemic-related supply chain snags, is making its way to the supermarket. The rate of change in grocery prices finally decreased in October after a steep climb up.
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