Over 50% of the increased prices are from producers not just recouping their additional expenses, but also increasing profit margins.
Typically you would expect this to be an opportunity for competition, but generally speaking companies are suspiciously raising prices together. They've taken advantage of the COVID shortage and inflation narratives to squeeze consumers.
Typically you would expect this to be an opportunity for competition, but generally speaking companies are suspiciously raising prices together. They've taken advantage of the COVID shortage and inflation narratives to squeeze consumers.
https://fortune.com/2024/01/20/inflation-greedflation-consum...
https://www.marketplace.org/2024/08/05/ftc-grocery-prices/