Reported 8 months ago
Citi Senior Global Economist Robert Sockin discusses in an exclusive interview with Yahoo Finance the challenges low-income consumers face due to rising food prices, with US Secretary of the Treasury Janet Yellen addressing the inflationary prices observed in grocery stores and restaurants. Sockin highlights the need for policies like value meals to alleviate the burden on consumers, noting the slow adjustment to higher food prices despite income gains, expressing hope for less burdensome conditions in the future.
Source: YAHOO