"Prices would be higher, supplies would be limited, and variety would be limited, especially for stuff that just simply can't be grown in the vast majority of the United States for most of the year," said Scott Lincicome, vice president of the conservative Cato Institute.
"Even as inflation has fallen to 2.4%, voters remain irate that food and other necessities still cost about 25% more than they did in early 2020."
Senator JD Vance recently did a photo op decrying the high price of eggs. Vice President Kamala Harris pledges to stop corporate price gouging as a central plank of her campaign.
It's unclear to what extent such price hikes—or 'greedflation,' as some have labeled it—contributed to the huge spike in inflation of recent years.
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