Graphic: How grocery prices have changed since Trump took office
https://www.nbcnews.com/data-graphics/grocery-price-tracker-inflation-trends-eggs-bread-trump-administration-rcna257424Open linkView original on lemmy.worldSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.worldhttps://www.nbcnews.com/data-graphics/grocery-price-tracker-inflation-trends-eggs-bread-trump-administration-rcna257424Open linkView original on lemmy.world
17 replies
M orons
A re
G overning
A merica!
Taking the price of every beef product and averaging their price changes makes the increase in the cost of ground beef look not as bad. When filet mignon costs an extra $2.00 a pound the price will have gone up by 10% to 15%. When ground beef costs an extra $2.00 a pound the price has gone up by 40% to 50%.
Is it great yet?
I'm tired of winning.
Beans & plant based protein sources are dirt cheap. Big beef can get fucked
This cannot be stressed enough.
Well, the egg problem was solved. Probably was going to happen with or without trump.
Now everything else is higher. One step forward, 100 steps back.
So now we know for certain they did something very specific to reduce the price of eggs (because that's the example people were using).
So what exactly did they do?
The egg prices were a result of price fixing in an effort to undermine the Biden administration and get Trump elected.
The 3 companies involved were fined ($3.3 million, after profiting 1.2 Billion from it).
They profited closer to $4-5 billion. That $1.2 billion figure was for one year, from the one publicly traded company. The three largest egg producers participated in this for 4 years.
I wish the fines were at least somewhat in line with the profit. There is no negative incentive to bend at the knee.
Was that market just recovering from purges in flocks due to avian flu outbreak? So even with Trumps shenanigans it was still going to drop. I’d have review the timeline though, but that is what I suspect
There was an outbreak with Biden and that lead to one increase which started to stabilize. Then there was either supposedly another outbreak under the orange-doodoo-dodo and afterwards the prices started to stabilize again.
Wait, price of eggs is down? I thought they definitely were high for at least a good couple months
I last bought eggs for 99c a dozen. They've been down for quite a few months.
They were up due to bird flu and I think that isn't as destructive now as it used to be.
I just got a 5 dozen pack from Costco for $7. I remember those being like $20-25 a couple years ago.