In addressing high grocery prices, the government in the US lacks the legal authority to impose price controls on retailers, unlike the regulated negotiation system in France. However, the government can provide more financial assistance to low-income individuals, such as those on SNAP, to mitigate the impact of rising prices. The Biden administration has significantly increased SNAP benefits over the last three years, with the maximum benefit for a family of four reaching $973, exceeding the inflation rate. These targeted and progressive food assistance policies by the administration have played a crucial role in supporting around 40 million Americans, highlighting an often overlooked aspect of government intervention in managing high grocery prices.
When it’s time to Stop & Shop, the American Publix is finding it costs more than ever to fill a Market Basket. Whizy Kim and Elizabeth Pancotti help Target the problem and explain whether a Price Chopper is coming to save us.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King.
Transcript at vox.com/todayexplained
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