Inflation continues to be stubbornly resilient in its yearslong fall from a peak of nearly 10%.
FILE - A person passes frozen turkeys displayed for sale inside a grocery store on November 14, 2022, in New York. November consumer price index
We saw some long-awaited moderation in shelter prices, but that was partially offset by small monthly increases in other areas, including food and energy.Within that category, groceries are up 1.6% and prices for eating out are up 3.6%. On the flip side, cereals and bakery products had their largest one-month price declines in tracking that goes back 35 years.“But that doesn't mean that it's not a concern,” McBride said. “And the reason is, because even when grocery prices were increasing at a very slow pace, nobody was having any fun on the trip to the supermarket. Because prices are still very high, and even tiny increases were coming from very high levels.
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