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Tuesday, May 30, 2023

Groceries

 NY Times: The Real Reason Your Groceries Are Getting So Expensive By Stacy Mitchell - Ms. Mitchell is an executive director of the Institute for Local Self-Reliance.

In the absence of rivals, food conglomerates have over time increasingly been able to raise prices and as a result have reported soaring profits over the past two years. Inflation gives them a cover story, but it’s the lack of competition that allows them to get away with it.

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