Gouge Those Shoppers!
By 
While testifying to a Federal Trade Commission attorney Tuesday, Kroger’s Senior Director for Pricing Andy Groff said the grocery giant had raised prices for eggs and milk beyond inflation levels.
“This is not at all surprising,” Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek. “Companies across multiple industries have been posting record profits since the COVID-19 crisis while consumers have faced the highest inflation in recent history. The math can only point to companies raising prices above the general level of inflation. As the old saying goes, ‘Never let a good crisis go to waste.'”
The questioning came during a court hearing for Kroger’s FTC suit after the retail giant announced it would be acquiring top grocery competitor Albertsons.
Groff said Kroger intends to “pass through our inflation to consumers,” after an internal email from the executive showed that the price of eggs and milk routinely surpassed what inflation would require for the chain to still make profits.
“On milk and eggs, retail inflation has been significantly higher than cost inflation,” Groff said in the internal email to other Kroger executives.
These people should be in prison.