Reported about 2 months ago
Food inflation is evident, but identifying the causes of skyrocketing grocery prices is challenging. Despite significant increases in food prices since 2021, an analysis by Yahoo Finance found little evidence of price gouging among major sectors such as agriculture and retail. While profits in some areas rose faster than costs, overall, many companies absorbed higher expenses without significantly raising prices. Various contributing factors include rising labor costs, supply chain issues, and elevated transportation costs, making it hard to pinpoint any single villain in the high food prices affecting consumers.
Source: YAHOO