Inflation down but food costs are up

Jane Morley, a business manager, is adjusting to rising family costs due to inflation. Food prices, especially wheat, have surged, impacting families and businesses like Jeff Green Hall's bakery, which is forced to raise bread prices. The economic outlook remains grim, with inflation expected to stay high and wages stagnant, urging families to tighten their budgets.

What actions is bakery owner Jeff Green Hall taking in response to rising costs?

What is the overall economic outlook mentioned in the text regarding inflation and wages?