US grocery prices hit 2.9% high in April
#GroceryPrices #InflationUS grocery prices rose 2.9% in April due to high fuel costs from the Iran war, plus trade policies and extreme weather. Full impacts may take months. Food inflation will likely feature in November's midterm elections. read more
Vice President JD Vance Admits Slow Progress on Lowering Prices
#JDVance #grocerypricesJD Vance acknowledges that reducing grocery prices will take time during a difficult interview where he defends Trump's first week accomplishments. Trump has not directly addressed inflation through executive orders. Vance insists that increasing oil production will lower energy costs, impacting consumer prices. read more
FTC Chief Plans Probe Into Grocery Store Price Inflation
#FTC #grocerypricesThe Federal Trade Commission's head, Lina Khan, proposes an investigation into grocery stores regarding inflated prices, focusing on potential anti-competitive practices beyond pandemic-related cost increases. Inflation concerns prompt politicians like Kamala Harris and Donald Trump to address grocery price gouging. read more