Today, Growth Energy released the following statement calling on the U.S. Congress to investigate why food prices continue to increase, even while the price of all other commodities have dropped considerably over the past six months. In fact, in the new Consumer Price Index released today, the price of cereals and bakery products was one of the only food groups to post a price increase in the past month, rising 0.3 percent in December and 11.7 percent over the past 12 months. Meanwhile the price of other foods that require grains, like meats, poultry, and eggs declined by 0.5 percent in December.

Growth Energy has been calling on the members of the GMA to lower its prices for consumers since corn and energy prices have dropped significantly or admit that they ran a deceptive campaign blaming ethanol for the hike in food prices last year. You can see the countdown clock that Growth Energy launched to track the hours and days elapsed since the group called on Big Food to lower prices for consumers at GrowthEnergy.org. The statement is below:

“The Grocery Manufacturers Association (GMA) needs to come clean about high food prices. Now that the deceptive campaign against ethanol and American farmers has been revealed, they no longer have a scapegoat for their sky high prices. By forcing the leaders of big food companies to be sworn under oath in front of Congress, we can finally, get to the truth.

“Today, despite the fact that corn prices have dropped by 50 percent and oil prices continue to be significantly lower, food prices remain high, proving what experts knew all along – that ethanol production has little to do with food prices.

“And yet for months, food manufacturers have been saying that food prices will eventually come down. American consumers have been waiting and yet these companies seem to only be concerned about their profits. That's unfortunate given the tough economic times many American families face today.”

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Thx for the #RecycleChallenge, @rcrracing! #Biofuel production is all about reusing & recycling and at Growth Energy, we make sure to dispose of plastic properly and you can too! Find out how by going to how2recycle.info. We challenge @POETBiofuels to see how they do it! https://t.co/wdutRS05Rf

via @GrowthEnergy

Thanks as always to our champions @SenJohnThune, @ChuckGrassley, @SenJoniErnst, @SenatorFischer, @SenatorRounds & @RoyBlunt for working to make sure @EPA keeps President Trump's promise on biofuels. https://t.co/AXLtzCnXnF

via @GrowthEnergy

I joined @SenJohnThune @ChuckGrassley @SenJoniErnst @SenatorFischer & @RoyBlunt in a letter to @realDonaldTrump to request the EPA change its proposed rule to restore integrity to the Renewable Fuel Standard. 15 billion gallons means 15 billion gallons. https://t.co/veBkthgGki

via @SenatorRounds

Reminder to all Iowans: The deadline to submit public comments on the @EPA’s supplemental rule is Nov. 29. 15 billion gallons means 15 billion gallons, and Iowa’s farmers and producers are counting on it. Express your support for upholding the #RFS here: https://t.co/R3MA4qz3s8

via @SenJoniErnst