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

Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with the sharpest increase in grocery prices […]