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WSJ Your Money Briefing

Why Food Prices Are Still High While Inflation Is Falling

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 23 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

The cost of food is eating up the largest share of Americans’ income since 1991. Wall Street Journal reporter Jesse Newman joins host J.R. Whalen to explain why restaurant and food company executives say prices are likely to remain elevated. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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non-HSPC fees may apply.

0:38.0

Here's your money briefing for Friday, February 23rd. I'm J. R. Wayland for the Wall Street Journal.

0:45.0

Inflation may be declining, but it doesn't look that way at the grocery store. It's been 30 years since food prices took this big of a bite out of your finances.

0:50.0

Consumers can have sticker shock when they go to the grocery store and see higher prices for what they typically buy because they shop often and they can't put these purchases off. It's not like a car, it's not like a

1:04.0

cell phone, it's not like a TV. We'll talk to Wall Street Journal reporter

1:07.1

Jesse Newman about why food prices remain so high. After the break. All the

1:25.0

big names are here. Oh, who is that?

1:26.0

I think she was in the movie about that really big shark.

1:29.0

No, not her, the florist.

1:31.0

She's automating invoices on the go so she can spend more time on that flower wall.

1:35.3

Quickbooks to save you up to eight hours a week.

...

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