Biden says food prices down 0. 2% in past year, touting success after 25% increase

Biden Says Food Prices Down 0.2% in Past Year, Touting Success After 25% Increase

Posted by
1 min read
May 30, 2024
Biden Administration Addresses Ongoing Economic Challenges

Amid ongoing debates over inflation and rising living costs, Jared Bernstein, Chair of the U.S. Council of Economic Advisers, defended the administration’s economic strategies during a recent discussion on gas and food prices. Bernstein pointed out that, according to data from the travel organization AAA, the current average gas price of $3.58 per gallon remains unchanged from the same period last year.

From 2020 to 2024, food prices have increased an average of 26%, according to figures released by the USDA.

Bernstein acknowledged the economic pressures families continue to face but emphasized the administration’s commitment to those most affected by high living costs.

He noted a modest decrease in grocery prices, which have fallen by 0.2% in the last month, suggesting some relief for consumers. This data is part of a broader argument by the administration that, despite high prices, there is evidence of stability and slight improvement in certain sectors.

The administration’s approach focuses on maintaining steady progress and managing the economic challenges, reinforcing its dedication to supporting American families during fluctuating economic times.

Phil Stilton is the Editor and Publisher of Shore News Network, an independent digital newsroom providing original reporting on New Jersey, national news, government, public policy, public safety, courts, and community affairs.

As founder of the publication, Stilton leads editorial strategy, investigative reporting, and daily newsroom operations while overseeing coverage that reaches millions of readers annually.

With extensive experience covering municipal government, county government, state legislatures, elections, law enforcement, emergency management, and public records, Stilton specializes in translating complex government actions into clear, factual reporting. His work frequently relies on primary source documents, including court filings, legislation, public meeting records, election finance disclosures, government databases, police reports, and Freedom of Information and Open Public Records Act (OPRA) requests. He has reported extensively on local government accountability, taxpayer spending, campaign finance, public corruption investigations, infrastructure, public safety, and the policies affecting New Jersey residents.

Under Stilton's editorial leadership, Shore News Network has grown into one of New Jersey's largest independent digital news organizations, publishing thousands of original news articles each year while providing breaking news coverage, investigative reporting, and analysis across state and local government. The publication's reporting is routinely sourced from official government agencies, public officials, court records, and firsthand documentation, with a commitment to transparency, attribution, corrections when warranted, and clearly distinguishing factual reporting from opinion.

Stilton's journalism follows established newsroom standards emphasizing accuracy, verification, fairness, and accountability. Every effort is made to verify information through official records and multiple reliable sources before publication. His reporting is intended to provide readers with timely, well-documented information that helps them understand the issues affecting their communities, while maintaining editorial independence from political parties, government agencies, advocacy organizations, and commercial interests.

Readers can submit story tips, corrections, public records, or media inquiries through the official Shore News Network website or its verified social media channels. Shore News Network welcomes corrections and updates when new information becomes available as part of its ongoing commitment to accurate and transparent journalism.

Don't Miss

Exit mobile version