Here's why grocers are really raising prices

Published On Aug 29, 2024, 3:09 PM

The article discusses the reasons behind rising grocery prices, emphasizing that independent grocers are facing increased labor costs and inflationary pressures that significantly impact their profit margins, which are as low as 1.4%. The National Grocers Association president Greg Ferrara highlights that accusations of price gouging are false, as grocers are struggling to maintain profitability while attempting to keep prices low for consumers. The challenges include significant wage hikes and elevated commodity prices, both exacerbated by the ongoing economic situation.