Why Do Groceries Cost So Much? | CNBC Marathon

Thanks CNBC for putting three old videos together and giving it a new title that has little related to the actual title of why groceries cost so much.

They trying to hide the price increases by making the portion smaller!

Grocery shopping is actually one of my favorite pastimes. But, more recently, it’s become sort of a hassle. Trying to figure out what to buy and what to put back, simply because I cannot afford it. It’s sad.

I love living in the Caribbean, we still plant our own foods and sell in the local markets. Everyone, need to have the personal gardens at home, to reduce the fake foods being purchased.

It’s amazing how I pay taxes for the government not to properly regulate anything

Like 5 companies own everything and can charge whatever they want

To be honest, I live in New Zealand, and when I see any produce labeled as USA import, I tend to steer clear. The level of fraud and corruption under the banner of "lobbying" has made very me skeptical about USA labels claiming organic etc., and profit always wins over people in a capitalist society.

I’m Brazilian originally, but I live in the US. I’m starting to watch the video right now (0:14), but I can say, for sure, one of the major reasons that food is so expensive here in the US is protectionism. The fact that the US literally blocks international competition in the food industry, with multiple quotas. Once the quota is met, the tariffs get super high. Before anyone comes and say “but Brazil is one of the most protectionism countries in the world”, you’re right, and I’m against it. It makes technology more expensive in Brazil. And I’m against protectionism both in Brazil and the USA. It hurts consumers and small business, while it makes big business richer, since they’re protected from competition.

Especially fresh produce. It's starting to become luxury food.

I had family members that worked in grocery stores for over 20 years. Do you know how much food gets thrown away in the back rooms of grocery stores because they either priced the meat too high nobody bought it or the fruit. Over 40% of the food that is produced in the United States is wasted. But yet us as taxpayers and consumers pay for it. We would see hundreds of pounds a week of meat thrown away in local grocery stores every week. Because it was about the almighty dollar they had the price so high nobody wanted to pay for that price of that meat. The grocery stores are ripping us off daily all across this nation. It’s about time somebody puts an end to it

If you’re watching this and feel like you’ve failed: you haven’t. The world just really is one big scam after another and is only here to destroy you.

I think everyone should have a garden and a couple chickens in their back yard…..BUT, HOA’s and city officials that get paid off to ban backyard chickens make this a problem.

The penalties must be worse than the profits they make. The reason they keep defrauding consumers is because they make millions and millions of dollars and only pay a $5k fee. Charge them a for every instance of fraud and prison time for execs in charge and this will stop immediately.

I mean ingredient fraud is one thing, but icreasing prices on food and blaming the supply chain and then the costs stay inflated after supply chain issues are sorted is a completely different scam. These companies have absolutely no reason to lower their prices and just keep complaining about inflation while the CEO's take the bonus and the workers get regulated to making just enough to get by. Make it make sense.

What gets me is that our governments spend a lot of time dealing with fraudulent non-perishable items like purses, electronics, etc. But when it comes to our health they don't do very much.

If ppl work together. Families can come together and have there own farms.

Support our local farmers in counties, cities and states. 💯🇺🇸👏🏼

2019 i spent $50 per week on basic groceries and today the same items cost me $80.

Here's a secret about Aldi brand tortilla chips. They are literally the same tortilla chips that are labeled as a big named brand like Tostidos. I used to work in the packaging department of a plant that made the chips. All we did was switch the packaging between orders. The chips were the exact same but one is labeled as $3 or more than the Aldi chips.

I don't understand how so many people get away with fraud. Why isn't this issue taken more serious?