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Shining Light on Farm & Food Policy for 20 Years.
Saturday, August 31, 2024
Vice President Kamala Harris on Friday promised to control food inflation, an issue that has dogged Democrats throughout the campaign season, by threatening penalties on companies that raise prices unfairly.
USDA is finalizing a study of retail food pricing even as Vice President Kamala Harris threatens to crack down on the industry for alleged price gouging.
While campaigning in Michigan Wednesday, GOP vice presidential candidate JD Vance talked up a couple of ways to lower food prices – firing the agriculture secretary and increasing oil and natural gas production. He seemed to get mixed up on who’s running USDA, however.
House Republicans step up their latest effort to cut domestic, non-defense programs this week as they release the fiscal 2024 spending bill to fund the Agriculture Department and Food and Drug Administration.
One of the most vulnerable Democrats on the House Ag Committee is showing little sign that she’ll back the GOP farm bill the panel will consider next week.
The cost of eating at home fell 0.2% in April after supermarket prices were flat for two straight months, helping offset continued inflation in housing and energy costs.
The cost of eating at home was unchanged for the second straight month in March as lower prices for dairy and grain products offset higher costs for beef, pork, chicken and eggs.
Supermarket prices were broadly steady in February as lower costs for dairy products, fruits, pork and chicken offset increases for beef, eggs, sugar and other products.
President Joe Biden took on food companies over pricing and forcefully challenged Republicans and Donald Trump over the border, the economy, China and other issues in the last State of the Union address of his term.
Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.
