That might be more true in some markets, but grocery stores are competitive, low margin businesses. There are lots of farms, too, and food comes from all over t

That might be more true in some markets, but grocery stores are competitive, low margin businesses. There are lots of farms, too, and food comes from all over the world. As we saw during the pandemic and with the start of the war in Ukraine, price increases often come after major supply disruptions or sudden increases in demand. Markets often don’t do well at adjusting after big surprises. There can be multi-year lags.