Agriculture Secretary Tom Vilsack joins CNBC’s ‘Squawk Box’ to discuss how the Biden administration is fighting inflation, strengthening the supply chain, and more….(read more)
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Agriculture Secretary Tom Vilsack has recently spoken out about the issue of food inflation, highlighting the challenges that farmers and consumers are facing in the current economic climate. In a time when inflation rates are rising, the cost of food is becoming a major concern for many Americans.
Vilsack has pointed to a number of factors that are contributing to the increase in food prices, including the rising cost of inputs for farmers, such as fuel, fertilizer, and labor. These rising costs are putting pressure on farmers, who are already struggling with volatile markets and uncertain weather conditions.
In addition to input costs, Vilsack has also cited disruptions in the food supply chain as a factor in driving up food prices. The COVID-19 pandemic has had a major impact on the way food is produced, processed, and distributed, leading to shortages and higher prices for many staple items.
Vilsack has emphasized the importance of supporting farmers and strengthening the resilience of the food supply chain to help mitigate the effects of food inflation. He has called for increased investment in rural infrastructure, technology, and research to help farmers improve efficiency and productivity.
In addition to supporting farmers, Vilsack has also stressed the need for policies that promote food security and access for all Americans. He has highlighted the importance of programs like the Supplemental Nutrition Assistance Program (SNAP) in helping low-income families afford healthy and nutritious food.
As Agriculture Secretary, Vilsack is committed to addressing the challenges of food inflation and ensuring that all Americans have access to affordable and healthy food. By working together with farmers, policymakers, and stakeholders, he believes that we can build a more resilient and sustainable food system that can withstand the challenges of the future.
RONA increased these prices, by manipulating supply & demand, transportation costs are running lower than before Trump(nothing to do with him, just timeline) greed by Corporations that control the point of sale and/or distribution.
I'm a farmer & a trucker. Gov is always screwing up both.
This guy is the face of evil.
They will inflate prices and starve everyone.
Then consolidate power when everything is failing.
This guy is intentionally going after micro farms.
Draconian laws against the people.
Here is a summary of the actual increase in grocery prices in the US each year since 2000:
2000: 2.3% increase in grocery prices
2001: 3.3% increase
2002: 1.9% increase
2003: 1.9% increase
2004: 2.0% increase
2005: 1.7% increase
2006: 2.0% increase
2007: 2.5% increase
2008: 6.4% increase
2009: 0.5% increase
2010: 0.3% increase
2011: 3.7% increase
2012: 2.6% increase
2013: 0.4% increase
2014: 2.4% increase
2015: 1.9% increase
2016: 0.3% increase
2017: 0.9% increase
2018: 1.4% increase
2019: 1.9% increase
2020: 3.4% increase
2021: 3.9% increase
2022: 9.9% increase
2023: 5.8% increase (as of March 2024)
2024: 1.2% increase (as of March 2024)
The data shows that grocery prices have generally increased each year, with some exceptions like 2009-2010 and 2013 when the increases were very low. However, the rate of increase has varied significantly, with much higher inflation in recent years, peaking at nearly 10% in 2022 before moderating somewhat in 2023. The long-term average annual increase in grocery prices since 2000 has been around 2.5-3%.
The cumulative increase in grocery prices from 2000 to 2024 is approximately 359.3%.
THIS GUY IS FAKE NEWS!