NBC News is tracking changes in the prices of eggs, bread, ground beef, chicken and other grocery items to monitor the impact on consumers’ food bills.
  • FrankFrankson@lemmy.worldEnglish
    29·
    14 days ago

    Taking the price of every beef product and averaging their price changes makes the increase in the cost of ground beef look not as bad. When filet mignon costs an extra $2.00 a pound the price will have gone up by 10% to 15%. When ground beef costs an extra $2.00 a pound the price has gone up by 40% to 50%.

  • dan1101@lemmy.worldEnglish
    11·
    14 days ago

    Well, the egg problem was solved. Probably was going to happen with or without trump.

    Now everything else is higher. One step forward, 100 steps back.

  • prole@lemmy.blahaj.zone
    6·
    14 days ago

    So now we know for certain they did something very specific to reduce the price of eggs (because that’s the example people were using).

    So what exactly did they do?

    • FullPenguin@lemmy.world
      19·
      14 days ago

      The egg prices were a result of price fixing in an effort to undermine the Biden administration and get Trump elected.

      The 3 companies involved were fined ($3.3 million, after profiting 1.2 Billion from it).

      • Nouvellalia@lemmy.world
        6·
        14 days ago

        They profited closer to $4-5 billion. That $1.2 billion figure was for one year, from the one publicly traded company. The three largest egg producers participated in this for 4 years.

      • santa@sh.itjust.works
        4·
        14 days ago

        I wish the fines were at least somewhat in line with the profit. There is no negative incentive to bend at the knee.

    • Ioughttamow@fedia.io
      17·
      14 days ago

      Was that market just recovering from purges in flocks due to avian flu outbreak? So even with Trumps shenanigans it was still going to drop. I’d have review the timeline though, but that is what I suspect

      • Thebeardedsinglemalt@lemmy.world
        4·
        14 days ago

        There was an outbreak with Biden and that lead to one increase which started to stabilize. Then there was either supposedly another outbreak under the orange-doodoo-dodo and afterwards the prices started to stabilize again.