Soaring supermarket prices are eating away at wage gains and have stressed out working-poor families who allocate a high percentage of their incomes to basic and essential items. The Biden administration finally acknowledged inflation as a real concern but didn't blame the trillions of dollars in fiscal and monetary policies and labor shortages on increased food inflation.
Bond King Jeffrey Gundlach summed up the idiocy of The White House's spokesperson perfectly: "...if you take out the items that are up a lot, troubling grocery inflation would be lower."
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