What Is Really Behind Higher Prices?

Kamala Harris and the Biden administration want to blame supermarkets and food manufacturers for price increases we’re all seeing at the store. But what is really behind the higher prices?  Are food retailers really “price gouging,” or is inflation the result of bad government policies?

When a company decides what to charge for a jar of peanut butter, it has to consider the prices they pay for peanuts, oil, salt, packaging, transportation, and what they have to pay their employees to make the peanut butter. All of those things go into the final price we see on the shelf.

Government data shows the price of these input costs have increased at the same elevated rate as consumer costs under the Biden-Harris administration. Food manufacturers and grocers are simply passing along their higher costs to consumers to stay profitable.

Consider energy costs—which have gone up more than 25 percent under Harris and Biden. Those costs make EVERYTHING more expensive because you need energy to make and transport almost everything you buy.

So if corporate greed isn’t responsible for inflation, what is? Reckless government spending and overregulation of energy production. Historic deficit spending under the Biden-Harris administration has bid up prices throughout the economy and devalued the currency already in existence. Energy regulations have reduced supply and increased costs.

Instead of taking responsibility for causing inflation, Kamala Harris is trying to shift the blame to food companies that are just trying to stay in business. And when the government tries to hide its bad policies with more regulations, we all pay the price.