November 24, 2024

During the height of the pandemic, food price inflation was mainly due to higher prices for meats because of supply and demand disruptions; but, USDA Economist Matt McLachlan says that is not true now. After Friday’s release of the Consumer Price Index, which says food prices went up 1.3% in May, 12% more than a year ago, with every food costing much more:

Other factors include the bird flu reducing poultry flocks and labor casts are rising; all have pushed food cost to 40 year highs.

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