Why isn’t food prices coming down when energy costs are lower?
You are competing with 50 million people getting free food stamps (EBT cards). A family of 4 gets around $800 a month in free food stamps. There is no free lunch. Someone else has to pay for the free lunch.
The big food companies like General Foods, Kraft etc. spend huge amounts of money lobbying the DC politicans to boost their profits via food stamps.
Because the food we are eating now was raised and shipped to be canned or frozen last season when fertilizer and fuel prices were high, and of course the livestock grew up in a high cost period too, so meat prices will still reflect high feed costs from the last couple of years.
That’s easy. Production lag: Food being sold NOW, was produced and prepped for market under MUCH higher food prices.
And the various droughts have driven up costs in several sectors: California-grown produce, and overall, in Beef and Pork: the herds have been smaller over the past few years, and demand is rising. . .
REGULATIONS!