Post #25017 by commonone on the US Policy board

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Kroger's top pricing executive testified during a court hearing on the US government’s bid to block the grocery chain’s purchase of rival Albertsons Cos that Kroger had, indeed, raised its prices more than required to adjust for higher costs.

The company’s goal is to “pass through our inflation to consumers,” Groff said in response to questions about his email. But Kroger decided to raise the prices in excess of inflation.

Huh. I was told vice president Harris was out of her mind for suggesting such price manipulation and that greedflation was a myth.

https://www.bloomberg.com/news/articles/2024-08-27...

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