Private Label Manufacturers Association

U.S. grocery prices have risen sharply post-pandemic but remain slow to decline, a phenomenon economists call 'rockets and feathers.' Prices peaked at 11.4% in 2022 and are projected to rise 2.7% this year, with factors like high gas prices and reduced government aid affecting spending. Consumers are shifting to discount retailers and store brands to save money.

U.S. grocery prices have risen sharply post-pandemic but remain elevated despite overall inflation slowing, a phenomenon economists call 'rockets and feathers.' Prices are expected to rise 2.7% this year, close to the historical average, as consumers shift to discount retailers and store brands to manage costs.

U.S. grocery prices have surged post-pandemic ('rockets') but remain elevated despite slowed inflation ('feathers'), with a 2.7% annual rise expected. Consumers are shifting to discount retailers and store brands amid persistent high costs, driven by factors like the U.S.-Iran conflict and reduced government food aid.

U.S. grocery prices have surged post-pandemic ('rockets effect') but remain elevated despite easing inflation. Prices rose 11.4% in 2022 and are projected to increase 2.7% this year, with factors like high gas prices and reduced government food aid slowing consumer spending. Shoppers are shifting to discounters and store brands to mitigate costs.