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Casual reminder
(lemmy.world)
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this post was submitted on 01 Jul 2024
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Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links:
https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/
https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html
https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/
Great quote from that Harvard one:
The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions
And don't get me started on shrinkflation.
That’s true of the post-pandemic food industry prices for sure. That description was regarding the failure of Nixon’s attempt to price fix with an Executive Order.
Oh sorry I was clearly not paying much attention to what I was reading. Thanks for the gentle correction.
No problem. Thank you for citing sources in your comment. I always appreciate substantiation in this world of misinformation.