Why do my groceries cost so much?
According to Dean Baker, co-founder of the Center for Economic Policy and Research and visiting economics professor at the University of Utah, it’s somewhat of an amalgamation of several commonly discussed pandemic-related issues.
Sky-high grocery prices – like so many of our current problems – might just stem from early 2020, when restaurants shut down and consumers became skittish about food prepared outside their own homes. Because of this – and other pandemic-related panic-buying – there was a marked increase in food-at-home purchases. And even though restaurants are once again open for business, the demand for at-home food hasn’t slowed.
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