It’s being billed as a clash of the corporate titans. Last week, McDonald’s filed a suit against the four biggest US meatpacking companies, alleging that they had conspired to push up the cost of minced beef.

But the issue at stake is one that is near and dear to the hearts of ordinary Americans. If inflation is finally slowing, why is everything from eggs and burgers to luxury hotel rooms still so expensive, and who is to blame?

Financial Times