‘Rockets and feathers’: Economists say grocery prices shoot up like the first, fall like the second

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.