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[quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://x.com/AndrewHClark/status/1824098852057776333[/twitter][/quote]
The FTC already found evidence that the companies that run grocery stores are price gouging.
https://www.ftc.gov/reports/feeding-america-time-crisis-ftc-staff-report-united-states-grocery-supply-chain-covid-19-pandemic[/quote]

No, the report said consistently elevated profits (through the third quarter of 2023) warranted further research:

[i]"Grocery retailer profits rose and remain elevated, warranting further consideration by the Commission and policymakers. This study did not test whether the specific companies that received 6(b) Orders increased their prices by more or less than their input cost increases. However, publicly available data on general grocery retail patterns reveal that during the pandemic, one measure of annual profits for food and beverage retailers—the amount of money companies make over and above their total costs—rose substantially and remain quite elevated. Specifically, food and beverage retailer revenues increased to more than 6 percent over total costs in 2021, higher than their most recent peak, in 2015, of 5.6 percent. In the first three-quarters of 2023, retailer profits rose even more, with revenue reaching 7 percent over total costs. This casts doubt on assertions that rising prices at the grocery store are simply moving in lockstep with retailers’ own rising costs. These elevated profit levels warrant further inquiry by the Commission and policymakers."[/i]
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