What does the rise in grocery prices since 2019 tell us about U.S. economic recovery and inflation?
The dramatic increase in grocery prices reveals why many Americans aren't feeling economic relief despite apparent recovery. While essential items like eggs have soared 219% since 2019 and other staples like orange juice and sugar have seen significant price hikes, wages have only increased by 19% since January 2021. This substantial gap between wage growth and food inflation explains why consumers feel financially strained. People are falling behind economically because they're forced to spend considerably more on everyday necessities while their income hasn't kept pace, creating a disconnect between official economic recovery statistics and the financial reality experienced by average households.
People also ask
TRANSCRIPT
Load full transcript
0
From
Inflation and Economic Recovery Analysis
CBS News·8 months ago