The president made the assertion during an interview with Nexstar’s Reshad Hudson on Thursday. Asked by Hudson "what [the White House's] message" is on sky-high prices on consumer goods including food, Biden said "the price of beef, eggs, etc" is not the "main driver" of food prices, although those goods "are up," he admitted.
"It’s packaged goods, packaged goods," he argued. "You’re going to see people not buying Kellogg’s Raisin Bran, you’re going to see them buying other Raisin Bran, which is going to be a dollar cheaper."
Data indicate that basic goods such as eggs and beef have spiked considerably during the first half of Biden's term. Figures from the St. Louis Fed show the average price of a dozen eggs in U.S. cities has gone from $1.42 when Biden took office to just under $3 last month.
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"It’s packaged goods, packaged goods," he argued. "You’re going to see people not buying Kellogg’s Raisin Bran, you’re going to see them buying other Raisin Bran, which is going to be a dollar cheaper."
Data indicate that basic goods such as eggs and beef have spiked considerably during the first half of Biden's term. Figures from the St. Louis Fed show the average price of a dozen eggs in U.S. cities has gone from $1.42 when Biden took office to just under $3 last month.
Biden suggests people struggling to afford groceries can buy generic-brand food to save money
Grocery prices have been among hardest-hit by inflation
