BELOW SUPERNAV drop zone ⇩

Groceries more affordable than in 2019, but consumers not feeling it

  • Groceries more affordable than they were prepandemic, analysts say
  • Wages have caught up with increases in food prices
  • Yearslong price increases will still impact consumers' wallets

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — It now takes fewer hours of work to afford a week’s worth of groceries than it did five years ago, according to a report by MarketWatch, a Dow Jones company that provides financial analyses and stock market data.

Groceries are now more affordable than they were prepandemic, but consumers may still not notice the difference in their wallets.

The researchers reviewed wage and inflation data that shows how the price of food relative to wages has changed over time. Postpandemic food costs rose substantially, but wages have “more than caught up” with prices, the analysis found.

“It’s easier for the average American worker to put food on the table than it was a couple of years ago,” MarketWatch researchers said.

The data factored in rising wages compared to grocery costs. So, even though grocery prices have risen, so has a worker’s paycheck.

However, not everyone has seen a wage increase, and the pandemic has caused a “long-lasting case of sticker shock for consumers,” the report said, given that the absolute prices of goods — the prices you pay for each item — are still higher than they were before.

Consumers may not notice much of a difference in their pockets because the impact of yearslong price increases “will reverberate for years,” MarketWatch said.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

69°F Sunny Feels like 69°
Wind
6 mph SW
Humidity
27%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 46F. Winds light and variable.
46°F Clear to partly cloudy. Low 46F. Winds light and variable.
Wind
1 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous