Article: Grocery Profiteering

I am sharing the attached article so people understand what is going on with the high price of groceries.  Corporate greed is still a serious issue and it’s the lower income to mid income families that are suffering the most.

When families are unable to meet their every day needs, be it food, rent or utilities, they often have no recourse but to depend on non-profit organizations or government agencies.

Article: Grocery Profiteering

“Grocery chains are still profiting from pandemic panic.

“The FTC also found that retailers “seem to have used rising costs as an opportunity to further hike prices to increase their profits,” which have remained “quite elevated” even after most of the supply-chain problems were resolved. Such profit “casts doubt on assertions that rising prices at the grocery store are simply moving in lockstep with retailers’ own rising costs.””

In the article there is a link to the FTC report from March 2024 (Feeding America in a Time of Crisis The United States Grocery Supply Chain and the COVID-19 Pandemic) that you can read to get more information or you can read it here.

You can read the Commonweal Magazine article here.