Joe Biden, Instead of Recognizing Inflation on Food Prices Across Many Food-Categories, Blames Corporations and “Shrinkflation”, Selling Less Product for More Money

    We Said

  1. Feb 11, 2024 No Joke! Joe Biden, Who Gave Consumers 33 Percent Food Inflation, Cuts Super Bowl Sunday Video Attacking Snack Food Industry for ‘Shrinkflation’; Says He’s ‘Most Angry’ Over Smaller Cartons of Ice Cream

    They Said

  1. February 11, 2024 President Biden Discusses Shrinkflation
  2. June 16, 2022 'That's Not True': Reporter Grills Karine Jean-Pierre Over Biden Inflation Claims
  3. June 7, 2022 White House's Jean-Pierre: "The Economy Is In A Better Place Than It Has Been Historically"
  4. September 4, 2022 White House Press Secretary Karine Jean-Pierre joins Jonathan Capehart to discuss President Biden's speech, the economy, the newly approved covid vaccines, and more.

    Consensus

  1. May 24, 2024 Economic Research Service U.S. DEPARTMENT OF AGRICULTURE (Summary and Findings) ("In 2022, food prices increased by 9.9 percent, faster than in any year since 1979." "In 2023, food prices increased by 5.8 percent. Food price growth slowed in 2023 as economy-wide inflationary pressures, supply chain issues, and wholesale food prices eased from 2022. Food-at-home prices increased by 5.0 percent, and food-away-from-home prices increased by 7.1 percent. While prices increased for all food categories except for pork, prices grew more slowly in 2023 than in 2022 for all categories."... "Prices are predicted to increase in 2024 for 12 food-at-home categories and decrease for 3 categories...")
  2. Biden touts cooling inflation, but prices are up sharply from 2021