TELL CONGRESS: Americans are paying 25% more at the grocery store while
corporate profits at supermarket chains are skyrocketing. Sign the
petition: Urge Congress to end this corporate greed and pass the Price
Gouging Prevention Act.
[ [link removed] ]ADD YOUR NAME
Hi,
The Federal Trade Commission (FTC) is launching an investigation into
price gouging grocery corporations.
The price of groceries went up 25% between 2019 and 2023 — a price jump
higher than all other consumer goods and services in the U.S.^1
"We want to make sure that major businesses are not exploiting their power
to inflate prices for American families at the grocery store," FTC Chair
Lina Khan said. Congress must join the FTC to combat price gouging at the
supermarket.^2
[ [link removed] ]Sign the petition: Tell Congress to hold corporations accountable and
pass the Price Gouging Prevention Act!
ADD YOUR NAME
A recent FTC report says that corporate supermarket chains took advantage
of supply chain disruptions during the pandemic to squeeze out smaller
grocery stores and pad their profits. That’s not all — the FTC concludes
that supermarket executives used the pandemic as an opportunity to jack up
grocery prices.^3
While the FTC pursues a crackdown on corporate greed, Senator Warren is
leading on her bill, the Price Gouging Prevention Act. Senator Warren said
of the bill, “Giant corporations are squeezing American families for
fatter profits. It’s time to give the Biden administration stronger tools.
Senate Democrats and I are renewing our push for a new law to crack down
on corporate price gouging.”^4
It’s corporate price gouging. It’s corporate greed. It’s greedflation.
CEOs are behind the giant rise in costs for consumers at the grocery store
and beyond, not so-called inflation. To prevent price gouging and hold
corporations accountable for greedflation, Congress must pass Senator
Warren’s legislation now.
[ [link removed] ]Tell Congress: Pass the Price Gouging Prevention Act and hold price
gouging corporations accountable!
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Reuters, “US targets surging grocery prices in latest probe,”
[ [link removed] ]August 1, 2024.
2. Ibid.
3. New York Times, “Large Grocers Took Advantage of Pandemic Supply Chain
Disruptions, F.T.C. Finds,” [ [link removed] ]March 21, 2024.
4. Office of Senator Elizabeth Warren, “Warren, Baldwin, Casey,
Schakowsky Reintroduce Legislation to Crack Down on Price Gouging by
Giant Corporations,” [ [link removed] ]February 15, 2024.
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