The “Real Culprit” Causing The Uptick In Retail Prices Is Corporate Greed, Says Think Tank

  • A new analysis from the Groundwork Collaborative reveals how corporate power is “the real culprit behind rising prices at the checkout line.”
  • After the U.S. Labor Department announced that the Consumer Price Index increased by 0.4% in September, researchers at the progressive think tank laid out the connections between “price hikes, monopoly, and corporate greed.”
  • “The more sway mega-corporations have over our economy, the more power they have to gouge customers, squeeze Main Street, and exploit workers,” economist Rakeen Mabud stated.

Kenny Stancil from Common Dreams writes:

“Amid mounting data showing that people are paying more for food at grocery stores around the United States, a new analysis out Wednesday reveals how corporate power is “the real culprit behind rising prices at the checkout line.”

After the U.S. Labor Department announced that the Consumer Price Index increased by 0.4% in September, researchers at the Groundwork Collaborative, a progressive think tank, explained the connections between “price hikes, monopoly, and corporate greed.”

“The more sway mega-corporations have over our economy, the more power they have to gouge customers, squeeze Main Street, and exploit workers,” Rakeen Mabud, chief economist at the Groundwork Collaborative, said in a statement.

Since September 2020, food prices overall have increased by 4.6%, with the price of meats, poultry, fish, and eggs surging the most over the past 12 months, at 10.5%…”

See full story here.



Categories: Business

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