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by JumpCrisscross
302 days ago
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> Food is about 90% domestically produced [1], so tariffs are inconsequential there Prices are determined at the margin. Domestic producers suddenly have less foreign competition. That lets them raise prices. (Which is what we’re seeing, though not at an accelerated rate to what food prices were doing in ‘24 [1].) [1] https://fred.stlouisfed.org/series/CPIUFDNS |
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