Court hearing exposes role of supermarket's price gouging in inflationary pricing

At a trial to determine whether supermarket chains Kroger and Albertsons can be allowed to merge, a Kroger executive admitted that prices on some food items had been raised more than was warranted by inflation. Faiz Shakir, founder and executive director of More Perfect Union discusses.



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[TheFinalChapters]

if it wasn't price gouging, these corporations wouldn't be making record profits.

[niclewis]

Kroger Director of pricing admitted in Court at antitrust trial they raised prices on essentials like eggs and milk above inflation. GREEDFlation is Not a fringe theory.

[lindahenry]

Kroger got caught with the price switching on a whim. They admitted it and tried to defend it.

[huddleston]

Also
Need to do a story on how CEOs are paid millions in bonuses right BEFORE declaring bankruptcy

[reinemarais]

Without a doubt, price gouging is huge in every country. Because of logistics, prices rocketed during COVID. Once the logistics issues were resolved, prices did not come down. Corporates have benefited disproportionately from the international crisis that COVID brought.

[iceman]

Large corporations are making record profits due to unjustified price gouging. They admitted to it

[FranWi]

Now send them after the cable companies.

[niclewis]

Republicans voted against the Consumer Fuel Price gouging Prevention Act, against lowering price's and against unclogging supply chain backlogs. Harris/Walz 🇺🇲💙🗽⚖️

[dominoep]

Exactly, they thought they could get away with it in all of the Chaos.

[bonniebob]

Greed is the reason inflation hasn’t gotten better sooner.

[debbiecarney]

Publix 12 eggs just under $9 , Target 12 eggs just under $3 , Tell me how that's not greed

[n_mckean]

90% of grocery store market share in Australia falls to two companies. Australian grocery retail margins are near double that of the USA and UK. The grocery sector needs competition for prices to stay reasonable.

[thehoboman]

The same thing is happening with insurance.. they're gouging us to sustain executive bonuses..

[Patty-bsbz]

My friends and I have been talking about the corporate price gouging for several years. It’s taken forever for the media & politicians to openly talk about it. The greed has gone unchecked because these companies make huge GOP donations and want Trump to win to keep gouging & avoid taxes.

[Xylophone]

Greed, is the reason, the entire world knows that!!
Fkn so sick of these liars and their lies!!
Vote Blue 💙🗳️💙

[kimberleebrackley]

Thank you for reporting the truth. I am sick of the lies being reported as news. Price gouging has been going on for us across the board. Our US market is stufed with monopolies, and the rich are never rich enough.

[richglass]

Publix grocery chain made it's largest profits ever. The Walton family receives billions of dollars from Walmart profits. You can't blame everybody in government when these huge corporations are greedy.

[madbug]

And yet greedy food processors refuse to give farmers a few cents increase on their contracts. Many family farms are just scrapping by. It is like my father said in farming the real money is made in the middle.

[jeremiahjohnson]

Price gouging is illegal. So how come no one has been held accountable? Oh yeah, the rich motto, "Steal more than the fines you have pay when you're busted and you're not a criminal, it's a civil matter."

[SN-szkw]

Price gouging is blatantly obvious in corporate bottom lines. Profits are through the roof. It’s global.