Fox Business host Charles Payne and QI founder and CEO Daniel DiMartino Booth on Tuesday compared the prices of kielbasa and bratwurst to beef to explain why inflation is causing consumers to substitute related products to save money.
Since President Joe Biden and Vice President Kamala Harris took office in January 2021, prices have risen 20%, with the Consumer Price Index (CPI) at Reached It will hit a high of 9% in June 2022. DiMatino Booth told Payne that consumers are shifting away from beef and toward “dinner sausage.” Reported The numbers are a “sign of the times,” according to the Dallas Federal Reserve Bank's Texas Manufacturing Outlook Survey. (Related: “When I lost the Washington Post editorial board”: Karl Rove calls Harris' first policy speech a “disaster.”)
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Charles Payne, guest discusses how inflation is causing Americans to “down-trade” to “stretch their budgets” pic.twitter.com/JG7MOuuAmZ
— Daily Caller (@DailyCaller) August 27, 2024
“When families go from having beef for dinner to now having sausage, that says something. They're trying to save on their budget,” Booth added. “Good for Carl Kuby. He's selling more sausage. No, it's definitely a sign of the times. The job market here in Texas is deteriorating faster than the rest of the country.”
retail price beef According to Selina Wamchi, the average price ranges from $4.81 to $10.06. sausage It ranged from $1.78 to $2.22.
Harris Suggested In response to rising food prices during the August 16 economic policy announcement, the Federal Trade Commission (FTC) has authorized the imposition of “severe penalties” on grocers for “price gouging.” speech He was criticized by the Washington Post in North Carolina. Editorial Committee columnist Catherine Rampell. (Related: 'Scariest proposal I've ever seen': Ex-Trump economic adviser responds to Kamala Harris' 'price gouging' plan)
a Report “Markup fluctuations are not the primary driver of inflation fluctuations during the post-pandemic recovery,” the San Francisco Federal Reserve said in a report released in May.
“I'll call you about the sausages after the show,” Payne told Booth. “You're making me super hungry.”
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