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Why Your Groceries Are Still So Expensive

And the record profits Professor Weber mentions? Groundwork Collaborative recently found that corporate profits accounted for 53% of 2023 inflation. EPI likewise concluded that over 51% of the drastically higher inflationary pressures of 2020 and 2021 were also direct results of profits. The Kansas City Federal Reserve even pegged this around 40%, indicating that sellers’ inflation is now a pretty mainstream idea.

February 7, 2024 Forbes

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Shoppers on Constant Lookout for Grocery Deals

President Biden recently put pressure on grocers to lower prices, accusing stores of reaping excess profits and scamming shoppers. His comments came amid Groundwork Collaborative's new report that placed blame on corporate profiteering as one of the underlying causes of grocery price inflation.

February 7, 2024 Progressive Grocer

Press Release

ICYMI: New Groundwork Report Explains Why Groceries Are Still So Expensive

As covered by The New York Times and Washington Post, this new report finds that families are now paying 25 percent more for groceries than they were before the pandemic, outpacing overall inflation. The report offers policy recommendations to address the high cost of groceries and reduce the risk of future price spikes, building on the steps the Biden administration has already taken to offset these price increases.

February 6, 2024 Groundwork Collaborative

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Grocery Prices, But Not Restaurant Meals, Predicted Lower in 2024

The left-leaning think tank, the Groundwork Collaborative, said nearly a third of the rise in grocery prices can be blamed on beef, chicken, fruits, vegetables and snacks – all particularly vulnerable to supply chain issues, The Washington Post reported on Friday. Labor shortages, supply chain issues, drought, avian influenza and other factors, including industry consolidation, affect food prices, the report noted.

February 5, 2024 Food Institute

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Valentine’s Day Spending Preview Continues Murky Retail Outlook

I debated whether this next one belongs more in research than in economic indicators, but I see this as a yellow flashing light on the dashboard of consumers’ mental state, which naturally leads to their willingness to spend. A report by Groundwork Collaborative, a progressive thinktank, found that corporate profits made up 53% of inflation during the third and fourth quarters of 2023.

February 5, 2024 Forbes

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Inflation has fallen. Why are groceries still so expensive?

The Groundwork Collaborative, a left-leaning think tank, reported Friday that almost 30 percent of the rise in grocery prices has been driven by just five categories of food particularly vulnerable to supply chain shocks, including beef, chicken, fruits and vegetables and snacks.

February 2, 2024 The Washington Post

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Hundreds of Thousands of Workers Hired in January, Smashing Expectations

"Today's stellar jobs report marks two straight years of unemployment below 4 [percent] and 18 months of cooling inflation, an achievement many economists did not think was possible," Bilal Baydoun, director of policy and research at think tank Groundwork Collaborative, said. "The data is very clear that we never had to sacrifice jobs for lower prices."

February 2, 2024 Newsweek

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5 takeaways from a stunning January jobs report

However, progressive economists are still doubling down on interest rate cuts and hoping central bankers will heed the call. “High interest rates will only slow our clean energy transition and put families in more debt. Chair Powell must change his tune and cut rates in March,” Groundwork Collaborative research director Bilal Baydoun said in a Friday statement.

February 2, 2024 The Hill

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A strong jobs report complicates Jerome Powell’s political dilemma as 2024 election nears

In one sign the leftward pressure is unlikely to abate, Bilal Baydoun of the Groundwork Collaborative reacted to Friday's jobs number by reiterating his call for immediate cuts. "The data is very clear that we never had to sacrifice jobs for lower prices," he wrote in a statement. His group is closely aligned with liberal figures like Warren.

February 2, 2024 Yahoo! Finance

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Fed heralds wage growth slowdown, but Minnesota workers aren’t celebrating

With its 2% inflation target in sight, the Fed has predicted three quarter-point rate cuts this year. Lindsay Owens, executive director at the Washington D.C.-based nonprofit Groundwork Collaborative, said she would like to see those cuts happen as soon as possible, and for the central bank to take a fresh look at what has caused inflation to rise and fall.

February 2, 2024 Star Tribune