The Indicator from Planet Money
Go ask ALICE about grocery prices
Jan 22, 2025
Grocery prices have skyrocketed by 27 percent since before the pandemic, hitting lower-income households the hardest. Innovative measures like the ALICE Essentials Index shed light on these struggles, offering a different perspective on inflation. The community response to rising food insecurity includes grocery tours led by dieticians to help families budget effectively. Amid harsh winters, many are battling access to fresh produce, driving demand at food pantries. Practical tips for maintaining healthy eating on a budget are also shared.
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Quick takeaways
- Grocery prices have risen by 27 percent since the pandemic, disproportionately affecting lower income households with limited financial flexibility.
- The ALICE Essentials Index provides a more accurate measure of inflation for low-income households, emphasizing their ongoing financial struggles amidst rising costs.
Deep dives
Rising Grocery Prices and Economic Perception
Grocery prices have surged by 27 percent compared to pre-pandemic levels, significantly impacting consumer sentiment despite reports of slowing inflation. This disconnect highlights how everyday experiences, such as food and fuel costs, can differ from overall economic indicators. For instance, President Trump’s emergency price relief executive order aimed to address these soaring costs, revealing how central they are to the public's perception of economic health. This ongoing struggle with essential food prices remains a key factor in shaping voters' concerns and policy discussions.
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