For the first time since February 2021, inflation-adjusted grocery spending has increased, signaling a positive growth trend after nearly three years of decline. This means that despite inflation, people are now spending more on groceries in real terms.
GROCERY SHOPPING
🍞🥩🥦Inflation-adjusted grocery spending was positive for the first time since February 2021 after nearly three years of negative growth! pic.twitter.com/wTdGEwt5DI
— Win Smart, CFA (@WinfieldSmart) June 6, 2024