“Inflation Went Up By An Inch.” - Joe Biden 2022

Actually, they're not. Fully 50% of your pain wrt inflation is due to corporate profit-taking, using inflationary pressure as an excuse. That's half - that has nothing to do with any administration. 6-8% of it is about wage increases, which are long overdue in our country. Some of the rest is about the housing market, and energy - energy mostly being due again to record corporate profits, and also the future's market - rich people "betting" on whether the oil & gas 90 days out will go up or down. The rest, mostly 2 factors (1) very small number of major food producers, etc. - near monopolies in their respective commodities - doing as they please, (2) effects from the pandemic, downstream, such as lingering labor shortages and supply chain issues.

COL John McClellan Rising food prices are not due to corporate profit taking. Gasoline prices rose directly after the current president's executive orders concerning the petroleum industry in January 2021.

LTC Trent Klug - Actually, they are. You can read about it in Forbes, or a dozen other reputable sources. Pandemic Disruptions are #1, followed by the war in Ukraine. After that, there are a dozen or so large conglomerates that control large swaths of the regular grocery food supply. This relatively small group of decision makers are using this opportunity to recover "lost" pandemic sales by raising prices significantly more than warranted simply by their raw costs going up. There are at least 20 good articles you can read on how this is so, in great detail. Start with the Economic Policy Institute - "Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC (non-financial) sector have risen at an annualized rate of 6.1%—a pronounced acceleration over the 1.8% price growth that characterized the pre-pandemic business cycle of 2007–2019. Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase. This is not normal." This data includes 75% of the private sector producers of goods and services. And that includes food.