US grocery inflation hit 1.8% in September, but the food-at-home index remains 32.4% above January 2020 levels. Translation: $100 worth of groceries in early 2020 now costs roughly $132.
The slower pace of price increases doesn't reverse the cumulative damage. Families are still paying significantly more at checkout than they were pre-pandemic, regardless of what the headline inflation rate suggests.
The slower pace of price increases doesn't reverse the cumulative damage. Families are still paying significantly more at checkout than they were pre-pandemic, regardless of what the headline inflation rate suggests.