Despite rising food prices, evidence of price gouging in the grocery industry is minimal, and profit margins remain traditionally thin at just 1% or 2%.
U.S. food prices, historically low compared to global standards, accounted for only 11.2% of disposable income in 2023, unchanged from the previous year.
The complexity of food pricing often gets overshadowed by political rhetoric, yet economic history can provide valuable context on price fluctuations.
Price gouging is challenging to define and enforce, especially in a sector with minimal profit margins, even amid rising grocery prices.
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