Food inflation slowed down last month — but the relief may not last

Data: BLS. Chart: Kavya Beheraj/Axios

The meteoric rise in food prices slowed slightly in December, per a new Axios analysis — but prices were still up more than 10% year-over-year, as groceries and restaurants gobbled up a larger-than-usual amount of Americans' spending.

Why it matters: Grocery bills are one of the most powerful ways in which many Americans experience inflation.