How relentless food inflation is becoming Biden’s major hot potato
NY Post
Inflation rose to 3.5% in March, an unexpected increase that continued to crush American’s wallets and President Biden’s approval rating.
Despite repeated promises that inflation was “transitory,” inflation has remained high throughout the president’s term, and he’s backed off using the term “Bidenomics” as people have bristled at high costs , particularly in restaurants and grocery stores.
The Consumer Price Index — which tracks the changes in the costs of everyday goods and services — noted surging prices for everything from gasoline to housing to car insurance.
But an increase in food costs also was a major culprit, according to government data.
It’s the latest uncomfortable month for President Biden, who on Wednesday accused big food manufacturers and supermarket chains for using high prices to pad their bottom lines.
“I’m calling on corporations including grocery retailers to use record profits to reduce prices,” Biden said Wednesday.