A new report from the House Oversight Committee found that 3 of the largest 5 shipping companies increased their profits by a staggering 29,965% in the last two years, using the pandemic and other factors as excuses to increase prices.
. “It is unacceptable that certain companies and industries are engaged in extreme price hikes under the cover of inflation.”
“[A] little bit of inflation is always good in our business,” one Kroger executive said in June 2021. A Tyson official said in February that “Our pricing actions and strength in the beef segment … more than offset the higher [costs of goods and services].”
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