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Inflation Eases, Yet Experts Anticipate Continued High Food Prices

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Inflation has decreased over the past two years, with prices for gasoline, used cars, and energy falling. However, food prices have increased by 28% since 2019, leaving over 85% of consumers frustrated. Many have begun purchasing fewer grocery items to save money, according to a 2024 RR Donnelley survey. Experts suggest that high food prices are likely persistent, as price increases typically do not reverse quickly. Policy interventions may have limited impact, with global factors and political uncertainties potentially exacerbating costs. Tariffs and workforce issues also contribute to rising food expenses in the U.S. as the economy evolves.

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