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Biden Admin on Skyrocketing Grocery Prices: ‘If You Take out’ Beef, Pork & Poultry,’ the Increases Are More Normal

‘If we unpack that one of the interesting findings of the report that we put out today, is that about half of the overall increase in grocery prices can be attributed to a significant increase in prices in three products in beef, in pork and in poultry’

EXCERPT:

DEESE: "But as Jen said, the context here is the focus, the appropriate focus on the question of grocery prices and the increasing grocery prices that we have seen recently over the last couple of months. And if we — if we unpack that, one of the interesting findings of the report that we put out today, is that about half of the overall increase in grocery prices can be attributed to a significant increase in prices in three products: in beef, in pork and in poultry. And in beef and in pork we've seen double-digit increases in prices over the last couple of months. In fact, if you look at the category that’s grocery prices, what economists call food at home, so food that is being purchased to eat at home, in a number of areas we’ve seen, if you take out those three categories, we’ve actually seen price increases that are more in line with historical norms. And we’ve seen some categories, for example, fresh fruits and vegetables, prices have actually declined since the end of last year.”

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