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Inflation is cooling, but shoppers remain frustrated by high prices
On paper, the U.S. economy has been strong. Inflation is down from its 2022 peak, the labor market remains solid and robust consumer spending is fueling gross domestic product growth.
But all those metrics mean little to consumers who are struggling to come to terms with the post-pandemic normal, where grocery prices are up more than 25% from 2019.
“It seems like (prices have) come to a standstill, but they've come to a standstill at a height,” said Hannah Zak, 33 of Warsaw, New York.
Zak said her $48,000 salary comes out closer to $33,000 after taxes, insurance and retirement savings deposits, leaving her with little spending money.
She’s canceled streaming subscriptions, switched to generic brands and cut back spending on hair care products and clothes.
Still, she feels the pinch from inflation each time she forks up around $75 to feed herself and her 7-year-old chihuahua, Princess, for the week.
If she's helping her siblings buy groceries, the grocery bill climbs above $100.
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