Inflation Is Still Too High. Don’t Blame Food Makers and Supermarkets.

Inflation may be cooling, but that’s cold comfort for anyone shopping in the frozen food aisles—or anywhere else—in the grocery store lately. Yet the culprit isn’t so obvious.

Data from the Bureau of Labor Statistics showed that food prices overall edged up just 0.1% in June, better than the 0.2% increase in the previous month. Yet that means prices are still creeping higher, and they are up over 5% in the past 12 months on an unadjusted basis. While consumers have finally seen relief on items like eggs, which previously shot…