WASHINGTON — Vice President Kamala Harris is focusing on major food costs as her crusade anticipates an economic policy speech she will deliver Friday in North Carolina, vowing to push for a federal ban on abusive food costs.
Harris focuses on emerging meat prices, which she says account for a giant share of rising grocery bills.
Year-on-year inflation has fallen to its lowest point in more than three years. But in the United States, many are suffering from food prices, which are still 21% higher than they were three years ago. Republican presidential candidate Donald Trump has pointed to inflation as one of the greats of the Biden administration and his power politics.
Harris is emphasizing food prices, including for medicine, amid a meeting Thursday with President Joe Biden in Maryland.
They announce that drug pricing negotiations will shave several hundred dollars, in some cases thousands, from the formulary values of 10 of Medicare’s most popular and expensive drugs.
Biden has undertaken his own efforts to engage emerging food prices, adding the creation of a “festival council” that has attempted to drive down prices by expanding festivals within the meat industry, as part of a larger effort. broad to demonstrate that his management is running to fight inflation. .