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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
High food prices have become major talking points in the upcoming presidential election, with both sides pointing to different causes for pricey grocery store receipts over the past four years. Economists say a number of factors have been at play, depending on the type of food.
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.
Supermarket prices rose just 0.1% in November as lower costs for beef, pork and poultry offset higher prices for fruits, vegetables, cereals and bakery products, the Bureau of Labor Statistics reported Tuesday.
In an inflationary environment, food prices tend to shoot up like rockets and come down like feathers, and food economists believe that will continue to be the case in keeping food prices from going down heading into the holidays and 2024.
Farmers who employ soil health management practices such as cover crops and no-till can significantly improve their bottom lines, a new study concludes.
Shoppers saw more relief at the grocery store in April as prices fell another 0.2%, driven by declines in dairy products, pork, eggs, and some fruits and vegetables.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
Grocery prices rose 1.5% in March and 10% over the last 12 months, the Bureau of Labor Statistics reported Tuesday morning. The 12-month increase is the largest in 31 years.
