Well well well. So grocery prices fell in April and are up 1.1% in the last year. Looks like corporations are learning that high prices slow sales and cause customers to substitute. Additionally now that supply disruptions are lessening we are seeing Food prices stabilize. I know this news will make the conservatives sad. They would like to see a bad economy but just can’t seem to find one. Thank you Biden for your stewardship on food prices.
3…2…1.. until someone posts low prices are killing farmers and that‘s Bidens fault too.
Grocery prices fell on the whole in April, according to data released Wednesday by the Labor Department.
Prices for food at home fell 0.2 percent in April, according to the Labor Department’s consumer price index (CPI), the closely watched inflation gauge. It was the first time food at home prices fell since April 2023 and followed several months of plateauing.
After rising quickly for most of the past three years due to supply chain constraints and the impact of the Ukraine war, grocery prices are up just 1.1 percent over the past 12 months.
3…2…1.. until someone posts low prices are killing farmers and that‘s Bidens fault too.
Grocery prices fell on the whole in April, according to data released Wednesday by the Labor Department.
Prices for food at home fell 0.2 percent in April, according to the Labor Department’s consumer price index (CPI), the closely watched inflation gauge. It was the first time food at home prices fell since April 2023 and followed several months of plateauing.
After rising quickly for most of the past three years due to supply chain constraints and the impact of the Ukraine war, grocery prices are up just 1.1 percent over the past 12 months.