Grocery Prices Have Soared. That's Spoiling Biden's Economic Pitch

Blog: Econbrowser

Abstract

That's the title of an article in Bloomberg today. Here's a picture of headline CPI and the "food at home" category. Figure 1: Headline CPI (blue), and food at home (chartreuse), and ERS forecast based on Jan CPI, all in logs 2021M01=0. NBER defined peak-to-trough recession dates shaded gray. Source: BLS via FRED, ERS, NBER, […]