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    Haderach C. Kwisatch (rayckeith@techhub.social)'s status on Thursday, 29-Aug-2024 04:34:46 JSTHaderach C. KwisatchHaderach C. Kwisatch

    A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across the U.S. economy in recent years.

    Andy Groff, Kroger's senior director for pricing, said during a court hearing on the FTC's legal challenge to the company's proposed acquisition of Albertsons—its primary competitor—that Kroger's objective is to "pass through our inflation to consumers."

    Groff's comment came in response to questioning about an internal email he sent to other Kroger executives in March. In that note, Groff observed that "on milk and eggs, retail inflation has been significantly higher than cost inflation."
    https://www.commondreams.org/news/kroger-egg-prices

    In conversationabout 10 months ago from techhub.socialpermalink

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      During Antitrust Trial, Exec Admits Kroger Jacked Up Milk and Egg Prices Above Inflation | Common Dreams
      from https://www.facebook.com/32109457015
      A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation.
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