Even the Jeff Bezos-owned Washington Post could not stomach the new proposal from Kamala Harris to place price controls on food. The headline of the opinion piece from Catherine Rampell read:
“When your opponent calls you a ‘communist,’ maybe don’t try price controls?”
Food prices are indeed out of control, and in fact far worse than the official CPI statistics convey. Those numbers admit that grocery prices have risen +20% since Harris became vice president.
But Harris’ own Department of Agriculture provides a much worse – and more accurate – take on grocery inflation since she and Biden took office. The USDA “thrifty plan” that represents a frugal basket of food for a family of four has skyrocketed from $675 per month in January of 2021 to $975 per month now. That $300 increase represents a stunning 44% increase – and an extra $75 per month for struggling working class families … just to eat!
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