"FTC Report Exposes Grocery Greedflation Amid Pandemic Supply Chain Disruptions"

A report from the Federal Trade Commission suggests that grocery giants used inflation and supply chain disruptions during the pandemic to drive their profits and keep raising prices, leading to an 11% spike in food prices in the United States between 2021 and 2022. The FTC is urging Congress to investigate grocery profits, with findings indicating that some firms exploited COVID-19 product shortages to increase prices. Despite easing supply chain pressures, grocery retailers continue to see elevated profits, prompting concerns about "greedflation" and the impact on consumers.