Food prices are rising in lockstep with consolidation in the food industry. Note how coffee and cocoa prices are well off historic highs. Have prices fallen? Not even. Food is more expensive because corporations and private equity want to maximise profit. It's not difficult to grasp. #econsky
Buying food to eat at home has gotten 33% more expensive in U.S. cities since the beginning of 2019, according to government figures. In the 7 1/2 years before that, prices rose 6.4%. So, while the economy is strong, blue collar folks see their lives getting worse. #EconSky t.ly/6AoA4