Commentary The prices of everything from cars to groceries to gas have inflated due to overheated demand and supply shocks. While there is a widespread concern about inflation, soaring food prices are perhaps the most worrisome for many, including the Biden administration. Beef and pork especially have taken a wild ride in the past few months. The Labor Department’s August inflation report showed that meat, poultry, fish, and eggs were up 8 percent over the last year and up 15.7 percent from prices in August 2019, before the pandemic. President Joe Biden’s economic team, which closely monitors meat prices, blames corporate consolidation as the reason for the rising costs. The White House released a report in September that unveiled an analysis of the food inflation problem. The report said “a lack of competition” in the meat processing sector along with strong consumer demand is driving the prices. Four big producers including Tyson Foods and …
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