Understanding Grocery Price Inflation

This chapter examines the persistent high prices of groceries amid recovering commodity costs, exploring consumer perceptions and psychological impacts of inflation. It highlights the disconnect between commodity prices and grocery costs, emphasizing the role of processing, consumer demand shifts, and supply chain issues in shaping the inflation narrative.

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Noah Smith and Erik Torenberg explore the factors contributing to rising grocery prices and the impact of inflation on consumer sentiment, as well as debunking misconceptions about inflation. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.

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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

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LINKS:

- Noahpinion on Substack: https://www.noahpinion.blog/

- Noah Smith, "Why are your groceries still so expensive?" on Substack: https://www.noahpinion.blog/p/why-are-your-groceries-still-so-expensive

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X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

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