[Fox News] As the Keystone State saw inflation last year dig deeper into residents’ wallets than any other state, one Philly-based food supplier is warning that the fight may not be over yet.
"The volume may tighten up a little bit. It's what we see as our customers are buying more often, [but] less at each purchase," he continued.The Philadelphia-based produce supplier has been caught between higher input costs and consumers struggling to pay for inflationary prices. According to ConsumerAffairs, Pennsylvania saw the highest grocery inflation rate of any state in 2023, at an 8.2% increase year-over-year.
ConsumerAffairs’ analysis also comparatively noted that a family of four in Colorado who would have spent an average of $750 per month on groceries paid $21.75 more last year, while the same family in Pennsylvania forked up $61.50 more per month.
Inflation may be gradually cooling, but the average American is still shelling out a lot more money for everyday necessities.
The rate of inflation growth may be cooling. Maybe.
The typical U.S. household needed to pay $213 more a month in January to purchase the same goods and services it did one year ago because of still-high inflation, according to new calculations from Moody's Analytics chief economist Mark Zandi.
Average wages are up, taxes are up, so maybe it all balances out?
The regime viewpoint -
"Inflation is coming down. It’s now lower in America than any other major economy in the world," Biden said during a speech at South Carolina’s First in the Nation Dinner. "The cost of eggs, milk, chicken, gas, and so many other essential items have come down."
"But for all we’ve done to bring prices down, there are still too many corporations in America ripping people off," the president continued, "price gouging, junk fees, greedflation, shrinkflation."