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- Generating answers for you...Grocery prices are 30% higher than four years ago. In the wake of World War II, the grocery industry was born to ensure a cheap, convenient and abundant food supply. Decades later, the same industry leveraged pandemic-related supply chain crises to raise prices and reap enormous profits, all while selling less food.Learn more:Grocery prices are 30% higher than four years ago. In the wake of World War II, the grocery industry was born to ensure a cheap, convenient and abundant food supply. Decades later, the same industry leveraged pandemic-related supply chain crises to raise prices and reap enormous profits, all while selling less food.www.forbes.com/sites/errolschweizer/2024/02/07/w…Food companies say their price increases merely reflect how much their costs have gone up due to “inflationary pressures,” like higher labor costs, transportation delays, and capacity issues, or the higher price of grains and animal feed.www.vox.com/money/23641875/food-grocery-inflati…Why aren’t prices falling at the grocery store? When food producers started raising prices a few years ago, they blamed their own costs, including higher ingredient prices. But ingredient prices have actually been on a downswing for months, and individuals are still paying more for food.www.cnn.com/2023/03/08/economy/food-prices-infl…Analysts say that there’s no straight answer on when grocery prices will drop as it relies on a number of factors, including post-pandemic consumer demand, ongoing supply chain shortages, geopolitical events such as the war in Ukraine, and unstable weather patterns.time.com/6250895/grocery-prices-rising-inflation/High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store. “Grocery prices skyrocketed during the pandemic, and in many cases, they’ve kept going up, even though the pandemic is over,” Sen. Elizabeth Warren, D-Mass., said at a Wednesday Senate hearing.www.nbcnews.com/business/consumer/groceries-a…
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