The good news is that prices have cooled substantially, and the Consumer Price Index proves it. It’s also proof that the Biden Administration’s plan for lowering inflation is working and that the Federal Trade Administration’s “call-out” of the grocery industry for elevated profits (price gouging) helped, too.
According to the stats, we all tend to judge inflation by the price of groceries. But it took me five months to pay attention. First, grocery prices had been dropping month after month — January through May. Now it’s June. On Saturday, I came home from the store happily saying I can’t believe it! I actually paid less than $200 to escape my grocery store. Admittedly, I’m not the kind of person who shops every few days. No, when I shop, I stock up, and this time, it was easy to see that prices had gone down.