A trip to the supermarket with Sara Beatty shows why officials at the Federal Reserve think there’s a chance inflation won’t get out of hand, and why they’re afraid it might.
”I am a really good shopper,” said the Springfield, Va., mother of seven as she bought groceries on a hot July evening. She’s making up for higher prices for staples such as bread, eggs and pasta by spending less on restaurant meals and entertainment. The family cut out a planned trip to Wisconsin because gasoline is too expensive.
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