Large corporations in the food industry justify price increases by pointing to factors like pandemic inflation. While it is reasonable for companies to adjust prices to maintain profitability, the issue arises when profit margins increase more than the rise in costs. This discrepancy is evident in cases where companies significantly boost their profits amidst cost rises, indicating a disproportionate gain beyond covering increased expenses.
One of the things we rely on is for the companies who make the stuff we need to not stick it to us, the customer. But it’s become painfully clear that’s just what happened during the pandemic and that it’s still happening today. What can we do about it?
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