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Supply chain constraints were industry wide, and when the order expired, prices went up far past standard inflation.

Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links:

https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/

https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html

https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/

Great quote from that Harvard one:

HBS research suggests firms have held off lowering them because it appears consumers got used to paying more

The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions

And don’t get me started on shrinkflation.

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1 point

That’s true of the post-pandemic food industry prices for sure. That description was regarding the failure of Nixon’s attempt to price fix with an Executive Order.

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2 points

Oh sorry I was clearly not paying much attention to what I was reading. Thanks for the gentle correction.

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2 points

No problem. Thank you for citing sources in your comment. I always appreciate substantiation in this world of misinformation.

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