Sticky Food Inflation’s Got Consumers Down: Your Questions Answered

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 24 March 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Even as inflation is coming down, food prices remain high both at supermarkets and restaurants. WSJ restaurants reporter Heather Haddon answers listener questions about what is keeping food prices so sticky and how consumers can shop and eat smarter. Annmarie Fertoli hosts. Further Reading It’s Been 30 Years Since Food Ate Up This Much of Your Income Food Is Taking a Bite Out of Your Income. These Consumers Are Getting Creative. We Still Don’t Believe How Much Things Cost Big Profits and High Prices: There Is a Connection The Skyrocketing Costs Driving Cheeseburger Prices Up—and Restaurant Owners Out Surge Pricing Is Coming to More Menus Near You Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.5	slash Wall Street.
0:17.6	Hey what's news listeners?
0:22.2	It's Sunday March 24th. I'm Amore Fertoli.
0:25.4	And I'm Luke Vargas for the Wall Street Journal and this is What's News Sunday,
0:30.0	the show where we tackle the big questions about the biggest stories in the news
0:34.2	by reaching out to our colleagues across the newsroom to help explain what's happening in our
0:38.1	world.
0:39.1	This week we're answering your questions about food price inflation at the grocery store and at restaurants.
0:48.8	It's not your imagination.
0:50.2	We're spending more on food.
0:52.0	A lot more. As we reported in February. It's been three decades since
0:56.2	Americans have spent this much of their income on food even though inflation is easing food
1:00.7	prices are still sticky. By way of comparison, back in 1991,
1:04.6	according to the Agriculture Department,
1:06.4	U.S. consumers spent 11.4% of their disposable personal income
1:11.1	on food.
1:12.2	And today, USDA data shows we're spending about the same,
1:15.8	11.3% of our disposable income on food. And as Americans are spending,
1:21.1	shrinkflation has become a hot topic again. It's when
	...

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