"The food index increased 10.9 percent over the last year, the largest 12-month increase since the period ending May 1979": Bureau of Labor Statistics.
President Joe Biden signed the CHIPS and Science Act on Aug. 9, allocating a $280 billion funding package toward boosting domestic semiconductor manufacturing and various research endeavors.
The Biden administration — and President Joe Biden in particular — has favored General Motors over Tesla when it comes to electric vehicle manufacturing.
