The Epoch Times Elizabeth Warren (D-Mass.) pointed the finger at grocery stores, blaming them for rising food prices in a series of letters addressed to the CEOs of three major grocery chains earlier this month.
The letters were addressed to the CEOs of Kroger, Albertsons, and Publix, three major grocery store chains, each of which have reported increased profits in the recent fiscal year despite the burdens of inflation and supply chain difficulties.
Warren noted that, while food prices have continued to increase for consumers, many grocery stores have seen increased revenue, alleging that the companies have passed on rising costs to consumers at no expense to shareholders. In each of the letters, Warren recounts an unflattering quote from Kroger CEO Rodney McMullen, in which he claimed “a little bit of inflation is always good in our business” during a call with investors…
