“Greedflation”, huh? We all know who has a $34T “greedflation” problem.
There are a lot of stupid people out there ... they believed the FDA, CDC, Labor Department, FBI, etc. so it is highly possible they will believe the FTC fools.
This is a load of cr@p.
Here is the financial statement of Kroger, in the the largest publicly-traded grocery chains.
Look at page 23. Kroger’s operating margin (the ratio of operating income to total sales, ie the profit left after covering the expenses of operations) was down in 2023 (2.1%) vs 2022.= (2.8%).
That means the inflationary impact on revenue was more than exceeded by the inflationary impact of operating expenses.
Whenever the government publishes a report, a flower dies.
Grocery Stores work on about a 2% profit margin and it’s highly competitive.
Just no way soda needed to go up as much as it has for example. NO way. It is sugar and water for crying out loud. Another one is PVC. That was something you hardly gave notice to in price. Now it is a major purchase. Natural gas is the primary component and it has gone way down to historically low levels. Did PVC pipe and fittings follow? HELL NO.
That first sentence tells you the author is either dumber than a bag of rocks or a liar. I'm going with liar.
First of all food prices didn't rise much until the fall of '22 so Democrat created supply chain disruptions during the plandemic aren't the issue or price rises would have started two years earlier in late 2020.
Secondly, duh, inflation caused food prices to rise. Are the "grocery giants" somehow immune to inflation and just being greedy to raise them?
Someone please take the author down to the dumpsters and dispose of him/her/zer/ze/zit.
When there are no rich people, no greedy corporations, no
food, no energy supplies, no personal property, who and what
are they going to destroy next?
You can really see why tens of millions of people die each
time Communism is reborn.
When the US craters, 100s of millkions will die.
I miss Trump’s ability to stop corporate greed
They have nothing but finger pointing and blame for the numb nuts who believe as the deliberately murder America
Inflation was low during the pandemic, because demand was down and fuel prices were down. They can’t even concoct fake news right.
Grocery prices are higher due to one thing Biden’s inflation along with everything else.
His bonus round massive spending that will be costly for years to come.
In 2020, what cost a $1 now costs $1.20. Some things are even higher. I saw a product that in 2020 cost $1. It is now $2.50. Other items have shrunk in size but still cost the same as in 2020.
Bidenomics in action.
I think any legitimate investigation will find it’s not the producers or the retailers, it’s the middlemen, the wholesalers and distributors.