In a court testimony this week Kroger’s senior director for pricing admitted the grocery conglomerate hiked prices above and beyond inflation for eggs and milk.
That is a significant admission since earlier this year the Federal Trade Commission released a report about grocery conglomerates, like Kroger, taking advantage of supply chain disruptions during the COVID pandemic and noted the increase in profits cast “doubt on the assertions of some companies that rising prices at the grocery store are the result of retailers’ own rising costs.”
Now, thanks to an e-mail from a senior executive at Kroger, we know the truth.
And to think, they still expect us to believe those price hikes were a result of credit card interchange rates (which have remained virtually flat for nearly a decade). When will they start telling the truth about that?
