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News@lemmy.world · 8 months ago

Did grocery chains take advantage of COVID shortages to raise prices? FTC says yes in new report

www.usatoday.com

cross-posted to:
aboringdystopia@lemmy.world

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Did grocery chains take advantage of COVID shortages to raise prices? FTC says yes in new report

www.usatoday.com

return2ozma@lemmy.world to

News@lemmy.world · 8 months ago

cross-posted to:
aboringdystopia@lemmy.world

Did grocery chains take advantage of COVID shortages to raise prices? FTC says yes

www.usatoday.com

Large grocery store chains raised prices well above their costs during the pandemic's supply-chain bottlenecks and product shortages, FTC report says.

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8 months ago
This is why giant supermarkets are bad. When you have a choice of several places to buy, they compete.

Rent though has been captured by optimisation software. Your rent goes up because a computer predicted you (or someone else) would pay more.

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