Food corporation profits, not just inflation, making food prices more expensive

Time - It’s been more than a year since the U.S. launched its battle against high inflation. Yet, nearly every grocery item still costs more than it did in the past. A bag of potato chips that could have been purchased for $5.36 last year will cost you $6.17 today. A dozen eggs that used to cost $2.01 now sets you back $4.21. A pound of butter went from $3.77 to $4.87. Across the country, the high grocery prices have crunched budgets for essential food items. But at the same time, some of the largest food corporations are raking in profits. Experts say those profits are helping to make your groceries even more expensive. “Follow the money, and the story is clear,” Robert Reich, the former US. Labor Secretary, tweeted last week. “Food corporations are using inflation as cover to jack up prices.”