Psaki blames conglomerates for increase in meat prices

WASHINGTON, DC - DECEMBER 10: White House Press Secretary Jen Psaki speaks to reporters in the Brady Press Briefing Room at the White House on December 10, 2021 in Washington, DC. Psaki expanded on President Joe Biden's remarks about the economy and his belief that consumer prices and other costs will be going down as inflation eases next year. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, D.C. – DECEMBER 10: White House Press Secretary Jen Psaki speaks to reporters in the Brady Press Briefing Room at the White House on December 10, 2021 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

OAN Newsroom
UPDATED 3:34 PM PT – Sunday, December 19, 2021

White House Press Secretary Jen Psaki blamed the meat industry for increasing prices, despite the country’s worst inflation in almost four decades.

During a recent press briefing, Psaki blamed meat conglomerates’ greed, adding they’re taking advantage of the pandemic to increase prices on goods to make a profit. She explained how Americans experience inflation by seeing price increases on everyday goods like meat and groceries.

“If you look at industry to industry, it’s a little different. For example, the President, the Secretary of Agriculture, have both spoken to what we’ve seen is the greed of meat conglomerates. That is an area, one where people go to the grocery store and they’re trying to buy a pound of meat, two pounds of meat, 10 pounds of meat…the prices are higher,” said Psaki.

She noted global supply chain issues have also contributed to rising prices, but claimed the Democrats’ Build Back Better plan would have an immediate impact on inflation in the future.

“Well, 56 economists say that Build Back Better will help quote alleviate some of the strain caused by inflation,” Psaki claimed.

According to recent data released by the Labor Department, Americans making less than $50,000 have the highest inflation expectations with the median one-year outlook at 6.3 percent. In the meantime, the cost of consumer goods reportedly rose at an average of 6.8 percent in November, marking a four-decade high.

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