Food Is Getting Cheaper. The ‘Price Gouging’ Fight Has Nothing to Do with It.

Falling Commodity Prices: Agricultural commodity prices, including corn and wheat, are declining due to excess supply and favorable weather conditions, benefiting consumers with stabilized grocery prices. However, this decline is squeezing farmers' profit margins as production costs remain high.

Impact on Food Prices: Despite falling crop prices, food prices have not significantly decreased because the share of raw commodity prices in final consumer costs is small, and rising wages for grocery store workers are contributing more to overall food price inflation.