return2ozma@lemmy.world to News@lemmy.world · 9 months agoDid grocery chains take advantage of COVID shortages to raise prices? FTC says yes in new reportwww.usatoday.comexternal-linkmessage-square65fedilinkarrow-up1735arrow-down15
arrow-up1730arrow-down1external-linkDid grocery chains take advantage of COVID shortages to raise prices? FTC says yes in new reportwww.usatoday.comreturn2ozma@lemmy.world to News@lemmy.world · 9 months agomessage-square65fedilink
minus-squareSeaJ@lemm.eelinkfedilinkarrow-up79·9 months agoObviously yes. Their production costs barely rose but their prices skyrocketed. Here’s a Forbes article from 2022 pointing out that it was increased profit margins causing most of the inflation: https://www.forbes.com/sites/errolschweizer/2022/09/12/how-profit-inflation-made-your-groceries-so-damn-expensive/?sh=1608bd462eb9
Obviously yes. Their production costs barely rose but their prices skyrocketed. Here’s a Forbes article from 2022 pointing out that it was increased profit margins causing most of the inflation:
https://www.forbes.com/sites/errolschweizer/2022/09/12/how-profit-inflation-made-your-groceries-so-damn-expensive/?sh=1608bd462eb9