During Antitrust Trial Exec Admits Jacking Up Egg And Milk Prices Above Inflation

[justoffal]

federal school lunch subsidy has more to do with it.

EBT benefits to 10 million new illegals causing a massive uptick in total sales volume.

 

[pknopp]

Prices are not a day to day thing... egg prices are like gasoline the cost is speculative...

And it's all a terrible system. We have prices all over the place despite absolutely no change in the fundamentals. It was claimed there was an egg shortage yet no one was ever short on eggs.

The price of gas is $3.70 and then it gets down to $2.95 all despite there not being any major fluctuations in the fundamentals.

It's a terrible way to run a economy. Economies would run far smoother on stability.

 

[struth]

A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across the U.S. economy in recent years.

Groff's comment came in response to questioning about an internal email he sent to other Kroger executives in March. In that note, Groff observed that "on milk and eggs, retail inflation has been significantly higher than cost inflation."

A Kroger spokesperson told Bloomberg in a statement that the email was "cherry-picked" and "does not reflect Kroger's decadeslong business model to lower prices for customers by reducing its margins."

But Rakeen Mabud, chief economist at the Groundwork Collaborative, noted Wednesday that "execs all over the economy were saying this stuff on their earning calls back in 2021."

During antitrust trial, exec admits Kroger jacked up milk and egg prices above inflation

A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across...

www.rawstory.com

The pandemic played no part in supply chain issues on milk,or egg prices. These aren't imported products, and those farms were producig the same amout of milk and eggs, and the trucks delivering them were running with plenty of cheap fuel. The prices before and since are 100% corporate price gouging, the companies themselves gleefully admitted to.

Milf and egg inflation has been higher then other inflation

That’s a fact, not price gouging

 

[Moonglow]

So what? How does raising prices above the rate of inflation qualify as "gouging'??

Duh.

 

[tyroneweaver]

EBT benefits to 10 million new illegals causing a massive uptick in total sales volume.

I hardly see any anglo's at businesses i frequent now. Even went to my dentist and all the new interns are Mexican descent

 

[Moonglow]

I hardly see any anglo's at businesses i frequent now. Even went to my dentist and all the new interns are Mexican descent

Damn, it's like they are humans.

 

[justoffal]

Damn, it's like they are humans.

It's worth noting the change in demographics...

 

[Moonglow]

It's worth noting the change in demographics...

Hardy, you are there for a service they are humans just like white people.

 

[justoffal]

Hardy, you are there for a service they are humans just like white people.

Just like who? See what I mean?

 

[Moonglow]

Just like who? See what I mean?

No, I don't humans are either bad or good.

 

[Nuthin' Fancy]

The Trump cult blames the "Gubmint" for inflation.
Then when they find out, it was corporate greed all along, that caused most of it..........
They defend corporations.

 

[Moonglow]

The Trump cult blames the "Gubmint" for inflation.
Then when they find out, it was corporate greed all along, that caused most of it..........
They defend corporations.

Or they ignore the gouging and only blame Biden

 

[Burgermeister]

Does some moron here think there is some rule

A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across the U.S. economy in recent years.

Groff's comment came in response to questioning about an internal email he sent to other Kroger executives in March. In that note, Groff observed that "on milk and eggs, retail inflation has been significantly higher than cost inflation."

A Kroger spokesperson told Bloomberg in a statement that the email was "cherry-picked" and "does not reflect Kroger's decadeslong business model to lower prices for customers by reducing its margins."

But Rakeen Mabud, chief economist at the Groundwork Collaborative, noted Wednesday that "execs all over the economy were saying this stuff on their earning calls back in 2021."

During antitrust trial, exec admits Kroger jacked up milk and egg prices above inflation

A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across...

www.rawstory.com

The pandemic played no part in supply chain issues on milk,or egg prices. These aren't imported products, and those farms were producig the same amout of milk and eggs, and the trucks delivering them were running with plenty of cheap fuel. The prices before and since are 100% corporate price gouging, the companies themselves gleefully admitted to.

Before I start, let me understand what you are trying to say. You think that a price rise above the rate of inflation is not only noteworthy, but price gouging?

 

[initforme]

Why do people come to the defense of industry even if they admit to bad practices? Profits over people?

 

[tyroneweaver]

Just like who? See what I mean?

he's an idiot I have him on ignore

 

[Mac-7]

A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across the U.S. economy in recent years.

Groff's comment came in response to questioning about an internal email he sent to other Kroger executives in March. In that note, Groff observed that "on milk and eggs, retail inflation has been significantly higher than cost inflation."

A Kroger spokesperson told Bloomberg in a statement that the email was "cherry-picked" and "does not reflect Kroger's decadeslong business model to lower prices for customers by reducing its margins."

But Rakeen Mabud, chief economist at the Groundwork Collaborative, noted Wednesday that "execs all over the economy were saying this stuff on their earning calls back in 2021."

During antitrust trial, exec admits Kroger jacked up milk and egg prices above inflation

A top Kroger executive admitted under questioning from a Federal Trade Commission attorney on Tuesday that the grocery chain raised its egg and milk prices above the rate of inflation, a concession that came as no surprise to economists who have been highlighting corporate price gouging across...

www.rawstory.com

The pandemic played no part in supply chain issues on milk,or egg prices. These aren't imported products, and those farms were producig the same amout of milk and eggs, and the trucks delivering them were running with plenty of cheap fuel. The prices before and since are 100% corporate price gouging, the companies themselves gleefully admitted to.

The pandemic played no part in supply chain issues on milk,or egg prices.

Wrong

Kroger may have raised its prices higher than inflation

But thats not the sane thing

As a consumer that pisses me off and I think Kroger will lose market share over this news

But kamala harris communist price controls based on this news?

No thank you

MSN

 

[struth]

Duh.

That’s of course not an answer

Of course they got to raise it at rate higher to meet their cost and still make a profit

 

[pknopp]

The Trump cult blames the "Gubmint" for inflation.
Then when they find out, it was corporate greed all along, that caused most of it..........
They defend corporations.

It was both.

 

[struth]

It was both.

Haha. No

 

[justoffal]

The Trump cult blames the "Gubmint" for inflation.
Then when they find out, it was corporate greed all along, that caused most of it..........
They defend corporations.

You're so full of s*** I'm surprised that all fits in one body. There are so many lefties here that brag about their stock holdings and how they're making a good living in this bad economy. You're probably one of them. Where do you think the money comes from your portfolio you dick head? Want to make a difference? Close down your portfolio and stop profiting off of corporate America or shut the fukk up and stop attacking them because they feed you.

In fact despite the fact that corporations can be faceless beasts the truth is they are responsible for 90% of the employment in America.