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Why groceries are still so expensive

Today, Explained

Analyzing High Grocery Prices and Government Involvement

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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.

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