berg80
Diamond Member
- Oct 28, 2017
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Inflation has steadily cooled over the past two years, despite seeing a slight stall in October and November. Prices for items such as gasoline, used cars and energy have all declined accordingly. However, food prices continue to outpace inflation, increasing by 28% since 2019.
More than 85% of consumers report feeling frustrated with rising grocery prices, and over a third say they have resorted to buying fewer items to save money, according to a 2024 survey by RR Donnelley.
However, experts say high food prices are here to stay.
“Once food price goes up, it tends to stay up,” said Claudia Sahm, a chief economist at New Century Advisors. “The inflation may come back down, so you don’t see the big price increases. But outside of widespread depression, we don’t tend to see prices falling across the board.”
Experts are also skeptical of whether policy intervention can affect food prices.
“There’s really nothing government policymakers could do about this,” said Jason Miller, a professor of supply chain management at Michigan State University.
It is my contention, based on exit polls, that Dotard would not have been re-elected if not for Biden/Harris being successfully, and erroneously, blamed for inflation. Especially food inflation.
Should history hold true, and these economic experts prove correct, I can't help wondering how many millions of sincere but misinformed voters will regret their vote.
More than 85% of consumers report feeling frustrated with rising grocery prices, and over a third say they have resorted to buying fewer items to save money, according to a 2024 survey by RR Donnelley.
However, experts say high food prices are here to stay.
“Once food price goes up, it tends to stay up,” said Claudia Sahm, a chief economist at New Century Advisors. “The inflation may come back down, so you don’t see the big price increases. But outside of widespread depression, we don’t tend to see prices falling across the board.”
Experts are also skeptical of whether policy intervention can affect food prices.
“There’s really nothing government policymakers could do about this,” said Jason Miller, a professor of supply chain management at Michigan State University.
It is my contention, based on exit polls, that Dotard would not have been re-elected if not for Biden/Harris being successfully, and erroneously, blamed for inflation. Especially food inflation.
Should history hold true, and these economic experts prove correct, I can't help wondering how many millions of sincere but misinformed voters will regret their vote.
