Inflation is starting to decelerate, which means we’ll start to see the cost of everyday expenses go down, right? Wrong.
While commodities have become less expensive and shipping costs have gone down, this likely won’t translate to lower consumer prices “for months,” writes CNBC. Many suppliers solidify their contracts in advance, so companies may end up passing some of these inflated costs to customers. Kroger’s CEO tells CNBC he expects prices to remain high in the first half of 2023 and then to recede after that.