that they were “price gouging” by raising the cost of groceries and making it more expensive for Americans to eat out.Food companies responded that the cost of labor and raw materials have soared due to high inflation — necessitating price hikes. They also said they need to maintain healthy profit margins to keep developing new products.
Harris said that if she were to be elected president, her administration would ban price gouging by food suppliers and grocery stores.She said her administration would empower the Federal Trade Commission and state attorneys general to issue new penalties on companies that exploit consumers to amass profits on food and groceries.
“The proposal calling for a ban on grocery price gouging is a solution in search of a problem,” the National Grocers Association told The Journal.“Inflation spiked in 2021 mainly because the pandemic snarled supply chains, and … the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it,” the newspaper wrote.
Instead of “level with voters,” the veep “opted for a less forthright route: Blaming big business,” the Jeff Bezos-owned newspaper wrote. Missing NYC lawyer shared haunting final post before vanishing on doomed yacht with jewelry designer wifeBiden emotionally bids adieu, mangles words in late-night DNC address pushed out of prime timeJamie-Lynn Sigler’s son Beau, 10, leaves hospital 33 days after receiving ‘nightmare’ diagnosisAFP via Getty Images