The Human Cost: ‘Food inflation is coming down,’ Biden says, but experts say food insecurity in America is on the rise

by | Feb 9, 2023 | Stock Market

As President Biden addressed the nation in his annual State of the Union speech on Tuesday evening, food-equity advocates said the increasingly critical issue of food insecurity should be given more airtime. Overall inflation may be starting to ease, they say, but food insecurity for millions of American consumers is worsening.  President Biden addressed several key challenges facing the country in his State of the Union speech, including looming concerns for economic uncertainties, the debt ceiling, as well as Russia’s invasion of Ukraine.

The president did speak about inflation. “Inflation has been a global problem because of the pandemic that disrupted supply chains and Putin’s war that disrupted energy and food supplies. But we’re better positioned than any country on Earth. We have more to do, but here at home, inflation is coming down,” Biden said during his speech on Capitol Hill.  And he briefly mentioned both gas prices and food prices. “Here at home, gas prices are down $1.50 a gallon since their peak,” he said. “Food inflation is coming down. Inflation has fallen every month for the last six month …

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