Consumers Continue to Struggle with Inflation and Food Affordability: Results From GFAPS

News headlines continue to highlight that inflation—the rate of increase in prices—is cooling but overall prices remain much higher than pre-pandemic levels (e.g., Wile, 2024; Peck, 2024; McCarthy, 2024). Because prices remain relatively high, it is unclear that consumers are feeling any relief. In this post, we look at data from the most recent wave (Wave 9, May 2024) of the Gardner Food and Agricultural Policy Survey to examine consumers’ perceptions of food affordability and views on inflation more generally.