Gouging is not why groceries are high

[justoffal]

Although undoubtedly corporations will occasionally behave like corporations.... The 30% price rise across the board in most staple groceries is actually due to the rising supply costs that the chains have to deal with. The biggest culprit here is the energy bomb. The increased cost of processing, transporting, and refrigerating has gone up considerably for the big suppliers. Add to that the increased burden on agriculture through skyrocketing ifertilizer prices to the increased cost of operating find equipment and you have an inevitable price increase that will trickle down to the consumer's wallet. Here is an article authored in 2022 fairly recent.

Supermarket Chains Are Not Price Gouging

Federal economic data does not support Elizabeth Warren’s claim that major grocers are using inflation as an excuse to unnecessarily raise prices.

walton.uark.edu

 

[Cellblock2429]

Although undoubtedly corporations will occasionally behave like corporations.... The 30% price rise across the board in most staple groceries is actually due to the rising supply costs that the chance have to deal with. The biggest culprit here is the energy bomb. The increased cost of processing, transporting, and refrigerating has gone up considerably for the big suppliers. Add to that the increased burden on agriculture through skyrocketing ifertilizer prices to the increased cost of operating find equipment and you have an inevitable price increase that will trickle down to the consumer's wallet. Here is an article authored in 2022 fairly recent.

Supermarket Chains Are Not Price Gouging

Federal economic data does not support Elizabeth Warren’s claim that major grocers are using inflation as an excuse to unnecessarily raise prices.

walton.uark.edu

/----/ Why did Commie Harris and Lame Duck (still on vacation after 14 days) Biden allow price gouging to go on for so long? Why can't Lame Duck take a break from vacation to stop grocery stores from price "gauging?"

MSN

 

[justoffal]

/----/ Why did Commie Harris and Lame Duck (still on vacation after 14 days) Biden allow price gouging to go on for so long? Why can't Lame Duck take a break from vacation to stop grocery stores from price "gauging?"

MSN

Because it wasn't gouging It was the inevitable results of Biden's Energy policy that finally trickled down to the consumer's wallet through the grocery stores.

 

[Mikeoxenormous]

Although undoubtedly corporations will occasionally behave like corporations.... The 30% price rise across the board in most staple groceries is actually due to the rising supply costs that the chance have to deal with. The biggest culprit here is the energy bomb. The increased cost of processing, transporting, and refrigerating has gone up considerably for the big suppliers. Add to that the increased burden on agriculture through skyrocketing ifertilizer prices to the increased cost of operating find equipment and you have an inevitable price increase that will trickle down to the consumer's wallet. Here is an article authored in 2022 fairly recent.

Supermarket Chains Are Not Price Gouging

Federal economic data does not support Elizabeth Warren’s claim that major grocers are using inflation as an excuse to unnecessarily raise prices.

walton.uark.edu

This just in, Kroger in merging with other companies admits to price gauging. Why didnt Camel Toe Harris and Joe Bribem get them when it was first noticed? Where is the FEC on this merger? Heads should roll, and Kroger should be disbanded from selling groceries ever again. That would show those EVIL price gaugers.

Bloomberg - Are you a robot?

Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the grocery chain’s purchase of rival Albertsons Cos.

 

[justoffal]

This just in, Kroger in merging with other companies admits to price gauging. Why didnt Camel Toe Harris and Joe Bribem get them when it was first noticed? Where is the FEC on this merger? Heads should roll, and Kroger should be disbanded from selling groceries ever again. That would show those EVIL price gaugers.

Bloomberg - Are you a robot?

Actually no they didn't admit to gouging.... They admitted that their price increase was more than it needed to be to compensate for the pandemic.
Whether or not the government will consider that to be gouging remains to be seen. Having said that It wasn't a very nice thing to do at that time.

It will probably become an issue in their attempted merger since it will create a colossal food supplier that will have a massive amount of power over pricing.... Similar to Walmart.

Their timing sucked and it will no doubt cause them to fail in the merger attempt.

 

[dudmuck]

/----/ Why did Commie Harris and Lame Duck (still on vacation after 14 days) Biden allow price gouging to go on for so long? Why can't Lame Duck take a break from vacation to stop grocery stores from price "gauging?"

MSN

welcome to capitalism. The president cant dictate what corporations do. But we can make sure they obey the laws, or new laws created or adjusted to repair anti-competitive behavior. Market consolidation is the biggest culprit here.

 

[justoffal]

welcome to capitalism. The president cant dictate what corporations do. But we can make sure they obey the laws, or new laws created or adjusted to repair anti-competitive behavior. Market consolidation is the biggest culprit here.

Most likely true.

 

[Woodznutz]

Big mergers allow companies to lower prices and thus capture more market share. Walmart is a good example.

 

[justoffal]

Big mergers allow companies to lower prices and thus capture more market share. Walmart is a good example.

Yes....not everyone uses that power the same way. But yes that's how it should work. Scale should lead to lower cost.