I thank the gentleman, and being from Iowa, and obviously one of our farm States, you have a direct understanding of what the cost of food production is and for farmers, the cost of fuel and the cost that is just driving the inflation numbers in the United States. And most Americans aren't even aware of the fact that when you hear this inflation discussion that energy prices, that's gas prices at the pump, and food prices, are not even part of that discussion. That's not factored into these inflation numbers. It's everything else. And the story we're given is, well, those fluctuate too much. That's not a reliable factor. Well, you know something? That's the bottom line. When people go to the grocery store every week, I know back in my town, and they see a dozen eggs cost this and all of a sudden they're up 80 cents for a dozen eggs or a gallon of milk or bread or vegetables, no matter what it is, there is a huge inflationary factor tied into the cost of food at a time when wages are not keeping up. So people are feeling stretched and pushed and stressed.
Ron Klein: “I thank the gentleman, and being from Iowa, and obviously one of our farm States, you have a direct understanding of…”
Editor's note · Context
Discussing the impact of inflation on food prices and the cost of living.
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