On 1-2-24, the Washington Post penned the article: "Inflation has fallen. Why are groceries still so expensive?", and on that date the Enlighted Prisoner responded thus:
If the price increases of food products have external reasons, then how do you explain that major grocery chains have such huge, accumulated cash reserves that they use to actively seek the continuing buy outs of competitors? Just look at the Kroger record of past and present acquisitions. Just as the transportation and fuel industries has done to keep their artificially high rates contributing to the end result of higher consumer pricing.
Despite their comfy paid advertisement campaigns, corporate entities are still in a pernicious relationship with their customers and are not willing to admit their pricing strategies are mostly based on whatever they can tap from the market. Don't even get me started on those same factors that control the real estate and rental housing industries.
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