Egg prices were up 28% in last month’s price report.Typically, when the price of something rises by as much as eggs have this past year, people will buy less of it.That’s not the case with eggs. Demand for eggs is relatively inelastic.
Grocery prices are still up from prepandemic numbers in the U.S. but— relatively speaking — they are the cheapest in the world.
Retailers' high profits during and since 2021 "warrant further consideration", said the FTC.
While blaming inflation for rising prices, the country’s biggest food and restaurant companies are raking in billions and showering shareholders with payouts.
It's not inflation, it's actually corporate greed keeping food prices high. It’s now time to turn the tables on our food system by centering justice over profits.
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