{"id":4398,"date":"2024-05-15T12:30:39","date_gmt":"2024-05-15T12:30:39","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/15\/silver-lining-for-consumers-food-price-growth-has-gone-flat-and-other-prices-are-falling\/"},"modified":"2024-05-15T12:30:39","modified_gmt":"2024-05-15T12:30:39","slug":"silver-lining-for-consumers-food-price-growth-has-gone-flat-and-other-prices-are-falling","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/15\/silver-lining-for-consumers-food-price-growth-has-gone-flat-and-other-prices-are-falling\/","title":{"rendered":"Silver lining for consumers: Food price growth has gone flat and other prices are falling"},"content":{"rendered":"<p class=\"\">Price growth in many key consumer categories has slowed considerably or ceased altogether \u2014 but that has done little to dent consumer worries as the costs of housing and other services have continued to climb. <\/p>\n<p class=\"\">Among the broadest categories tracked by the consumer price index, or CPI, two of the ones most acutely felt by consumers \u2014 food and energy prices \u2014 hit 2.2% and 2.1% on a 12-month basis in March, respectively.  <\/p>\n<div><\/div>\n<p class=\"\">That\u2019s essentially in line with the Federal Reserve\u2019s 2% goal. <\/p>\n<p class=\"\">Within those categories, food at home \u2014 essentially, groceries \u2014\u00a0climbed just 1.2%, while gasoline prices climbed 1.3%. <\/p>\n<p class=\"\">\u2018Food is a notable bright spot,\u2019 said Neil Dutta, head of economic research at Renaissance Macro Research. <\/p>\n<p class=\"\">In spite of the positive trends, progress in reducing overall CPI has stalled. Economists generally agree it\u2019s mostly because the cost of rent has remained elevated, but there remains disagreement about how soon slowing rent growth will start to appear in the CPI.<\/p>\n<p class=\"\">Even as the Fed and other economists have preached patience, the upshot has been a CPI that has remained stuck between 3% and 4%, above the Fed\u2019s 2% target, for more than a year. <\/p>\n<p class=\"\">On Wednesday, the Bureau of Labor Statistics will release CPI data for April, with 12-month expectations for a reading virtually unchanged from March\u2019s 3.5%. Once again, rent growth is expected to keep the CPI elevated.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Price growth in many key consumer categories has slowed considerably or ceased altogether \u2014 but that has done little to dent consumer worries as the costs of housing and other services have continued to climb. Among the broadest categories tracked by the consumer price index, or CPI, two of the ones most acutely felt by [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=4398"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=4398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=4398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=4398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}