The 'rockets and feathers' effect: Inflation eases but grocery bills do not

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.