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Economy

“Here’s why groceries keep getting more expensive”

“…Food manufacturers and grocers have faced higher costs for commodities, labor, transportation and other expenses during the pandemic. Those costs have escalated in recent months, leading manufacturers to pass off some of these costs to their retail customers, who in turn have passed on a portion to consumers.The producer-price index, which measures the price manufacturers receive for their goods and services, jumped 0.6% last month from September and rose 8.6% annually.

Persistent supply chain pressures mean higher prices at the grocery store will likely stick around for a bit. Big manufacturers of familiar food and household staple brands such as Kraft Heinz (KHC), Mondelez (MDLZ), Procter & Gamble (PG), Clorox (CLX), and Tyson Foods (TSN) say they plan to hike prices on snacks, toiletries, meat and more for their retail customers in early 2022 to combat rising costs.Companies are also pulling back on discounts on many items at stores because demand is strong and they don’t want to run out of their limited supplies of goods…”

https://www.cnn.com/2021/11/10/business/grocery-prices-inflation-meat/index.html

This is only part of the problem. Energy, mainly oil, is being restricted. This is creating artificial scarcity. Oil pipelines from Europe, Canada, and America are cutting capacity or shutting down. Increasing energy cost will raise prices across the board.

Long story short if people want cheaper prices they need cheaper energy. Restricting or limiting energy does the opposite.

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