Kroger Exec Admits To Price Gouging
Dear media: while you’re clutching your pearls trying to “balance” reporting on Donald Trump’s plan for a fascist takeover via Project 2025 with Kamala Harris’ proposal to ban grocery price gouging, maybe you should take a look at what’s staring you in the face.
This week, Bloomberg reported that during the federal antitrust lawsuit against Kroger’s proposed purchase of the Albertson’s grocery chain, Kroger’s senior director for pricing testified about a March 2024 email to his bosses saying, “On milk and eggs, retail inflation has been significantly higher than cost inflation.”
Common Dreams pointed out, via Rakeen Mabud, chief economist at the Groundwork Collaborative, that "execs all over the economy were saying this stuff on their earning calls back in 2021."