Trump says slashing grocery prices will be ‘very hard’

[mystery-ak]

 Trump says slashing grocery prices will be ‘very hard’
by Sarah Fortinsky - 12/12/24 5:04 PM ET

President-elect Trump said it will be “very hard” to lower grocery prices now that they have risen, but he predicted they will come down.

In a wide-ranging interview with Time magazine, Trump struck a more measured tone than he did on the campaign trail.

But asked if his presidency will be a failure if food prices don’t come down, Trump replied, “I don’t think so.”

“Look, they got them up. I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will. I think that energy is going to bring them down. I think a better supply chain is going to bring them down,” Trump said, noting the supply chain is “still broken.”

Trump frequently blamed the Biden administration for high grocery prices during the 2024 campaign, often railing on the campaign trail against hefty price increases for bacon, cereal, crackers and other items.

“We’ll get them down,” Trump told shoppers during a September visit to a Pennsylvania grocery store.

In a speech in August in North Carolina, Trump told voters, “From the day I take the oath of office, we will rapidly drive prices down and make America affordable again.”

“Prices will come down. You just watch,” he continued. “They’ll come down, and they’ll come down fast. Not only with insurance, with everything.”

https://thehill.com/homenews/administration/5038002-trump-food-prices-lowered/

[Fishrrman]

The best way to stabilize, and perhaps even decrease, the price of everything is to reduce the price of petroleum.

The cost of energy impacts EVERY "step" in the production and distribution process of everything else.

Get oil prices down into the high fifties, and watch prices stop rising.
Get them down to the low fifties, and watch prices start coming down.

This can be accomplished by simply removing restrictions from existing exploration. The "momentum" generated, even before production begins at the wellhead, will create strong downward-pressure on crude prices.

And once the new oil comes online, that will bring the end of inflation along with it.

My uneducated opinion only...
...But nearly every serious bout of inflation we've seen since the first oil embargo was precipitated by increasing crude prices.

Get the price of oil down, and other prices will follow.

[libertybele]

The best way to stabilize, and perhaps even decrease, the price of everything is to reduce the price of petroleum.

The cost of energy impacts EVERY "step" in the production and distribution process of everything else.

Get oil prices down into the high fifties, and watch prices stop rising.
Get them down to the low fifties, and watch prices start coming down.

This can be accomplished by simply removing restrictions from existing exploration. The "momentum" generated, even before production begins at the wellhead, will create strong downward-pressure on crude prices.

And once the new oil comes online, that will bring the end of inflation along with it.

My uneducated opinion only...
...But nearly every serious bout of inflation we've seen since the first oil embargo was precipitated by increasing crude prices.

Get the price of oil down, and other prices will follow.

Technically you are correct, then there's still the issue of plain old greed.