Narrative Destabilizing Fact: Grocery food as a share of Personal Consumption Expenditures has never been more affordable. At 7.13% during the first half of 2026, that's the lowest share of consumer spending on food at home since 1929. @CarolRoth @WSJopinion @emmma_camp_ pic.twitter.com/K3oex9jBPw
— Mark J. Perry (@Mark_J_Perry) September 5, 2026