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There are many issues contributing to the high costs. Inflationary spending and interest rates are just a part.
Our current issue of doubling food and material costs are mostly due to the energy policies and the subsequent costs. Most people don't put 2 and 2 together since the price of gasoline has only gone up around $1.50-1.75 per gallon in the past couple years. The cost of gasoline has been artificially held low(er) by selling off the strategic oil reserves and other manipulative factors in hopes of keeping people from loosing their shit prior to the election.
With that being said...
The real issue is that of Diesel fuel. Most everything that you eat was grown or raised on a farm using machinery that runs on diesel fuel. A lot of homes are still heated with heating oil which is diesel fuel without the road taxes. #EVERY single thing that you purchase is transported using diesel fuel (including the gasoline in your car). Trucks, trains, snow plows, generators, ships, etc all run on diesel. The price of Diesel has gone from (average retail) $2.50 per gallon in November 2020 to a rate of $5.32 per gallon today. Those expenses have and will be passed on into the purchase price of the commodities. There is no way around that.
The fuckery of the current administration has put us in a position to be at the mercy of OPEC and the rest of the petroleum producers. They have set their pricing and supply volumes to values that most benefit them (not us) because they can.
I hate to break the news to you, but it will not get any better for a long time, but it is going to get much worse in very short order.
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