Regardless of how the Biden-Harris administration downplays and denies it, grocery prices are rising, and Americans are struggling to put food on the table. Americans are spending the highest percentage of their income on food in three decades, with no sign of slowing down. By the end of last year, the average person was spending 25% more for the same grocery store products as they were four years earlier.
The trend is continuing: Groceries had already jumped 1.1% in cost on average by June of this year, and there is no end in sight. There are many reasons for this, including rising transport costs, higher minimum wage, and rising input price pressures, but there’s another factor to consider that should scare everyone who likes to eat: dynamic pricing.
Kroger insists that its ESL system is lowering prices for shoppers.
A recent letter from Senators Elizabeth Warren (D-Mass.) and Bob Casey (D-Pa.) to the CEO of the Kroger grocery store chain raises concerns about potential price gouging via electronic shelving labels.
They claim that chains like Kroger use “Electronic Shelving Labels (ESLs), to surge grocery prices and exploit working families. Digital price tags allow corporations to engage in dynamic pricing — changing the prices of goods based on temporary factors including the time of day or the weather.” […]
— Read More: www.theblaze.com
