In his recent State of the Union address, President Biden touched on a topic close to the hearts of U.S. consumers: food prices. In this election year, we can expect high food costs to come up repeatedly, with candidates from both parties invoking price gouging, shrinkflation, and corporate greed. But who do consumers blame? And how do political leanings shift those opinions? A University of Illinois Urbana-Champaign economist explains.
“Although economists are happy that inflation has cooled, consumers are still really frustrated with high food prices. We’re seeing increasing…
