Dagosa
Gold Member
- Oct 22, 2012
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Not all groceries. Just the fast foods, beer and soda that fatass Humpers consume. Go on a diet.Inflation has fallen. Why are groceries still so expensive?
Excerpted from Washington Post's Bhattan and Stein's 2Feb2024 article, "Inflation has fallen. Why are groceries still so expensive?”.
Refer to: https://www.washingtonpost.com/business/2024/02/02/grocery-price-inflation-biden/ :
“Ongoing supply chain disruptions, droughts, avian flu, labor shortage and more continue to keep grocery prices high...
… Grocery prices have jumped by 25 percent over the past four years, outpacing overall inflation of 19 percent during the same period. And while prices of appliances, smartphones and a smattering of other good shave declined, groceries got slightly more expensive last year, with particularly sharp jumps for beef, sugar and juice, among other items. …
… But there is no immediate fix for policymakers. Grocery prices remain elevated due to a mixture of labor shortages tied to the pandemic, ongoing supply chain disruptions, droughts, avian flu and other factors far beyond the administration’s control. Robust consumer demand has also fueled a shift to more expensive groceries, and consolidation in the industry gives large chains the ability to keep prices high, economic policy experts say.
“I think people are waiting for prices to return to what they call 'normal’ — and with the exception of a few things, like eggs —we’re not going to see that. We’re going to see prices stabilize, and that’s likely it,” said Dawn Thilmany, an agricultural economist and professor at Colorado State University ...”.