Why Food Prices Are Still So High In The U.S.

As inflation cools considerably, prices for items like gasoline, used cars and energy have all declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. 86% of consumers reported feeling frustrated with rising grocery prices, and over a third said they have resorted to buying fewer items to save money. Despite campaigning on grocery prices, President-elect Trump also acknowledged it might be ‘hard’ to bring down grocery prices. So why are food prices still so high? And can anything be done to bring the cost down?

Chapters:
1:56 Cost pass-through
4:25 Price gouging
6:46 Consumer impact
9:04 Solutions

Produced by: Juhohn Lee
Edited by: Erin Black
Animation: Christina Locopo, Jason Reginato
Supervising Producer: Jeniece Pettitt
Additional Production: Charlotte Morabito
Additional Footage: Getty Images

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer: https://cnb.cx/4fB26Ru

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook:
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

Why Food Prices Are Still So High In The U.S.