This is a news story, published by The White House, that relates primarily to Consumer Expenditure Survey news.
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grocery inflationThe White House
•
83% Informative
Americans are exposed to grocery prices on at least a weekly basis, and they represent a significant share of household spending.
Grocery inflation is way down from its recent peak, some grocery prices have fallen, and because wage growth has been strong, grocery purchasing power is up.
27% of the grocery basket saw price declines over the past year , about the same as the average since 2000 .
We use the most recent data available on the typical grocery basket, from the 2022 Consumer Expenditure Survey .
We adjust over time using the CPI grocery price index.
The nominal cost of the basket of groceries is then divided by nominal average hourly earnings for production and non-supervisory worker in the same period.
VR Score
91
Informative language
97
Neutral language
67
Article tone
informal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
6
Source diversity
6
Affiliate links
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