Biden to corporations: Stop 'ripping people off' on grocery prices.

President Joe Biden criticized corporations for artificially inflating prices, particularly at grocery stores, during a political rally in South Carolina. He stated that while inflation in the US has decreased, there are still too many corporations "ripping people off" through price gouging and other tactics. A study by the National Bureau of Economic Research found that the cost of grocery staples like eggs and milk significantly influences Americans' views of inflation, despite these costs being excluded from the inflation index that policymakers focus on. Consumer Affairs magazine also reported that grocery price hikes vary greatly from state to state, with Pennsylvania experiencing the highest increase at 8.2% and Colorado having the lowest at 2.9%. [Extracted from the article]