Despite campaign promises to combat rising food costs, experts say presidents have limited power to influence grocery prices. Both Republican and Democratic candidates face challenges in enacting effective policies due to congressional gridlock and the complex factors driving inflation.
A person shops in the cereal aisle of a Giant Food supermarket on April 12, 2022, in North Bethesda, Maryland. Grocery prices in 2022 alone jumped 11.4%, according to the U.S. Department of Agriculture’s Economic Research Service. But despite promises from each presidential candidate that they’ll take bold steps to stop the price madness, experts say there’s probably little they can do.
Analysts agree a president is largely handcuffed dealing with food prices. Any presidential initiative probably needs congressional approval. Republicans have been unenthusiastic about anti-gouging measures and Democrats are not eager to embrace Trump’s energy production ideas. “Likewise,” he said, “It is unlikely that reducing the cost of energy by itself would have a significant impact on the cost of food.”Food prices are affected by a wide variety of factors, including weather, import and export policy, energy prices, labor, supply chains, and marketing costs.
Prices have studied this year, as calmed this year, as energy costs stabilized and supplies were more in balance. She also pledged to “support smaller businesses, like grocery stores, meat processors, farmers, and ranchers, so those industries can become more competitive.”At a Capitol news conference Tuesday, Sen. Joni Ernst, R-Iowa, said Harris wants “communist price controls. Sen. Shelly Moore Capito, R-W.Va., listed increases in the price of bread, ground beef, gasoline and other items in recent years, and declared “this to me is the issue of the presidential campaign.
Food Prices Inflation Presidential Candidates Economy Grocery Stores
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