All thanks to President Biden.
As inflation caused by President Biden and his administration continues to surge out of control. Food producers are now forced to raise prices on their products and middle-class Americans are struggling to afford the costs of these higher prices.
In a recent interview with Fox, Goya CEO Bob Unanue admitted that Goya Foods had no choice but raise their prices and customers were feeling the pinch of this increase in prices.
Unanue further explained that the inflation crisis, which Biden has yet to manage, “touches everybody.”
“Costs are going up. Inflation is here to stay at least for a good while and everybody has these costs,” Unanue explained.
The cost of Goya food products alone spiked 10% on many items due to recent inflation.
BREAKING: U.S. inflation was up 6.2% in October over a year ago. That’s the highest inflation in 31 years.
Inflation was up 0.9% in Oct. alone, a much higher increase than 0.4% in Sept. and 0.3% in August.
Prices are rising for food, energy, shelter, used cars and new cars.
— Heather Long (@byHeatherLong) November 10, 2021
Sadly, we don’t Goya Foods or any other CEO to tell us the dark reality of inflation. Taking a trip to your local grocery store is enough to let you know that prices are climbing rapidly.
Spending on gasoline and food makes up ~28% of consumer expenditures for the lowest income versus ~19% for the highest income:
lowest income households are getting crushed by inflation pic.twitter.com/LALwgy8DRw
— zerohedge (@zerohedge) November 12, 2021