Inflation is Easing, but the Prices of Some Grocery Items are Expected to Soar in 2023
General inflation is easing, but the prices of some food items are not going down anytime soon. And the reasons are largely out of the Federal Reserve's control.
In December, the rate of inflation fell to an annualized 6.5% from the 7.1% rate recorded in November, according to government data. But the annualized food-price inflation rate was 10.4% in December, significantly higher than the overall inflation rate even as it represented a slower rate of increase than in...
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