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Kroger Egg Pricing Turns Merger Trial Into Inflation Fight (finance.yahoo.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company's top pricing executive testified during a court hearing on the US government's bid to block the grocery chain's purchase of rival Albertsons Cos.

In a March email to his bosses, Andy Groff, Kroger's senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.

"On milk and eggs, retail inflation has been significantly higher than cost inflation," Groff wrote.

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[–] [email protected] 4 points 2 months ago* (last edited 2 months ago)

Yup. All around bad for people. Much like the Safeway Albertson's merger was also very bad.