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Food Costs Soar, Banks Collapse

The Backbench

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Grocery Chain Profits Are Not the Reason for Food Inflation

Grocery chain profits are not the reason for food inflation, Meghan Morris says. Revenue has gone up, expenses have gone up, margins have not gone up, they've been stable for a long time and food margins have actually declined. The grocery CEOs say that record profits are as a result of the efficiency of their business but it's hard to know if this is true or not because grocers are not being transparent about their specific food profit margins.

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