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Harris blames corporate greed and price gouging for causing thisfood inflation.
While some food companies have passed along these savings, others still have not.
There have been a range of forces causing consumer price increases, and price gouging is on that list.
However, grocery store industry organizations say retailers arent to blame for rising food prices.
Harris proposed implementing the first federal ban on excessive pricing in the food and grocery industries.
Create Stability
Federal controls could prevent prices from going too high or falling too low.
Ideally, they would protect consumers from overly high prices during shortages and ensure fair wages for workers.
Consumers are then protected from sudden price increases outside of normal economic forces.
While it does not guaranteelower prices, the plan at least injects some certainly in the market.
Additional Reforms Needed
Winegarden recommended a two-fold approach to addressing food inflation.
Put differently, it is a problem of food affordability.
These reforms will help incomes grow faster than food prices and therefore improve food affordability, Winegarden said.
For instance, complex permitting requirements for remodeling a store, or threats of price controls, Winegarden said.
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