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high food pricesNortheastern Global News
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81% Informative
Since the beginning of the COVID-19 pandemic, food prices are up 25% , according to federal data.
Northeastern University food pricing expert John Lowrey says the story is a complicated one, especially because of lingering uncertainty from the pandemic that has influenced how businesses price their products.
Some experts, however, outright consider these practices price gouging.
The other part of the story, Lowrey says, is that retailers are still trying to figure out how to manage demand in a post-pandemic environment. “With COVID, there’s been a whole change in demand patterns,” Lowrey says. “It’s hard for stores to really figure this out with prices.”.
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