Inflation has fallen. Why are groceries still so expensive? [Video]

Americans are finally getting a break from inflation, with gasoline prices, used cars, and health insurance all falling over the past year, relieving families and buoying President Biden’s 2024 reelection bid. But prices painfully remain high for one particularly frequent purchase: groceries.

Grocery prices have jumped by 25% over the past four years, outpacing overall inflation of 19% during the same period. And while prices of appliances, smartphones, and a smattering of other goods have declined, groceries got slightly more expensive last year, with particularly sharp jumps for beef, sugar, and juice, among other items.

Stubbornly high grocery prices represent a critical drain on the finances of tens of millions of people and remain, along with housing, perhaps the most persistent economic challenge for the Biden administration as it tries to convince Americans the economy is back on solid footing. For all the attention on gas prices and housing, more …