Inflation slowed down in November to 7.1% from a year ago, dropping sharply from the decades-high 9.1% increase in June. However, food prices rose 0.5% for the month.
Despite high food inflation, data from the Food Industry Association (FIA) revealed that U.S. shoppers are spending even more money at stores compared to 2021, underscoring consumer resilience and hopes for the food and beverages market.
