Food Prices Are Lower, So Where Are The Savings?

A fixture of the US political news cycle during the developed world's worst bout of inflation in a generation were complaints from the White House that the savings from lower oil prices wasn't finding its way to gas pumps fast enough. Politicians blamed "price gouging." Oil companies tried to explain why that didn't make sense, largely to no avail. It's worth highlighting a conceptually similar juxtaposition between the UN's gauge of international food prices and grocery inflation around the w