Why are food prices so absurdly high and what could be done to fix this?

Question

Why are food prices so absurdly high and what could be done to fix this?

In: 657

Answer 1

Interesting to see people claiming “supply chain” while companies of all sorts are posting record profits.

If prices for consumers only rose to cover the increased cost of supplies, you would expect to see little to no increase in net profits.

The fact of the matter is a lot of prices are increasing because companies haven’t yet hit the point at which consumers opt to not purchase (which admittedly is harder to do for things like groceries than luxuries).