One economist says the state of grocery prices is leaving him in "shock" despite knowing a thing or two about inflation.
Kenneth Rogoff, Harvard University economics professor and former IMF chief economist, admitted to being shocked at the cost of groceries while discussing the Federal Reserve's next steps in their inflation fight during an appearance on "Mornings with Maria" on Wednesday.
"I mean, I’m a professional. I understand the difference between the level of prices and inflation. It’s just something we haven’t seen in a long time," he stressed.
Rogoff went on to mention that "prices aren’t going to go down" and that, even though inflation is falling, prices are continuing to go up.
