We all know that food store prices have gone up. People have told us it’s inflation, and it’s making our budgets really tight. Several sources say that a big grocery store chain just admitted that they did raise the prices of two specific things.
During COVID-19, grocery shops made a lot of money, and they kept making money after that. Kroger, the biggest grocery store chain in the US, is in a trial with the Federal Trade Commission over antitrust laws.
Mr. Andy Goff, Kroger’s senior director for pricing, said during the trial that the company’s goal was to “pass through our inflation to consumers.”
FTC Trial Challenges Kroger / Albertson’s Acquisition
For their plan to buy Albertsons, Kroger has been sued by the Federal Trade Commission (FTC). They want to join for $24.6 billion, and the FTC says it would make them the only company that can do business in many areas of the US.
Price Gouging On Milk & Eggs
In the hearing, an internal email sent to other Kroger officials was brought up, and Goff said that the price of milk and eggs was going up much more than their cost was going up. These are the words of a story in Common Dreams.
Groff says they only raised prices in one case, which was email. In many other cases, they didn’t do that.
Kroger stores in Wisconsin
Kroger Company owns a number of names in a number of Wisconsin cities. Plus the Metro Markets in Plover and Stevens Point. They are also in charge of Pick-N-Save shops in Wausau, Mosinee, Wisconsin Rapids, Schofield, and Marshfield.