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FTC Report: Largest Mega-Stores, Grocery Conglomerates Profit Off Pandemic Price Hikes

| Electronic Payments Coalition

The Federal Trade Commission (FTC) recently released a report questioning whether COVID-19 price increases at grocery conglomerates, including corporate mega-stores, were necessary and if the continued higher prices were all about increasing profits. 

EPC’s new one-pager, copied below, highlights how these conglomerates and mega-stores used their market power to avoid supply chain disruptions while raising prices under the guise of supply chain problems. Now, corporate mega-stores and their lobbyists are trying to blame credit card companies for these higher prices as an excuse to push new mandates on American’s credit cards.

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