From bread to milk to a pack of chicken wings, most can rattle off the recent price fluctuations down to the penny. Food prices rise fast, fall slowlyProfit-driven markups are also likely a component in the price increases, said Barrett, given the extent of market concentration in the food and grocery sectors. Unfortunately for consumers, food prices retreat more slowly than they rise, Barrett said. "Food price traders often comment that prices go up like a rocket and fall like a feather." WATCH | Biden hopes Mideast visit will impact gas prices:

Source: CBC News July 17, 2022 17:27 UTC