Groceryi inflation is slowing and the companies that make the food are startiing to sweat , the Washington Post website reports today (July 13, 2024).
"We're seeing consumers being very price sensitive," said Bobby Gibbs, a partner in "the retail and consumer goods division of the marketing consulting firm Oliver Wyman. "Consumers are cherry picking promotonal prices more and retailers are putting out more promotional pricing than they have in the last few years."
Grocery prices are up 18 percent since 2020, but the latest inflation report released July 11 shows them leveling off.
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