Federal Trade Commission | Some [grocery corporations] seem to have used rising costs as an opportunity to further hike prices to increase their profits, and profits remain elevated even as supply chain pressures have eased. https://t.co/ovf8cTzwH8 Greedflation.
The U.S. Federal Trade Commission recommended Thursday that policymakers look further into profits at grocery store operators that remain elevated since the pandemic and promotions that consumer products makers offer retailers. https://t.co/oO3zt1wjg7
The FTC recommended that policymakers look further into profits at grocery store operators. The report comes as the FTC is suing to block Kroger's acquisition of Albertsons over its concerns that the deal would hike prices for millions of Americans https://t.co/Gxrubv9QUJ https://t.co/hlVkGDzcMy

The proposed merger between Kroger and Albertsons, described as the biggest in supermarket history, is under scrutiny amid concerns over its potential impact on consumers. Senator Casey, alongside other Democrats, has been vocal about the issues of "greedflation and shrinkflation," terms highlighting corporate practices of raising prices to boost profits at the expense of consumers. This comes as US regulators, particularly the Federal Trade Commission (FTC), have recommended that Congress investigate profits at grocery store operators, which have remained high since the pandemic. The FTC's concerns extend to the Kroger/Albertsons deal, with the agency suing to block the merger, fearing it could lead to higher prices for millions of Americans. The agency's stance is supported by a recent report confirming suspicions that large grocery chains have exploited the pandemic to protect market share and maximize profits, thereby contributing to soaring grocery prices.






