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Claudia Sahm: Food Inflation Is a Hardship Outside the Fed's Control
Higher interest rates will do nothing to reverse the surging costs of basics such as meat or eggs. But shoring up the supply chain would help. It’s nearly impossible to have a conversation about inflation without mentioning food prices. And no wonder, as they are up 24% since the start of the pandemic and account for one-sixth of the increase
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Posted: September 29, 2023 Friday 06:00 AM