The National Provisioner: Inflationary hangover persisting for consumers

Despite annual inflation recently receding to its lowest level since February 2021 and wage increases outpacing inflation, US consumers in the low- to middle-income brackets are struggling to cover essentials, including groceries. Essentials account for a larger share of low- and middle-income consumers’ budgets, impacting their discretionary spending on food at home as well as dining out.

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