- United States
- Ariz.
- Letter
I am writing to express deep concern about the ongoing issue of excessive pricing in our essential food markets. Recent federal investigations have confirmed that grocery prices remain artificially elevated despite decreasing supply chain costs. The Federal Trade Commission's March 2024 report reveals that major retailers have maintained high prices even as their operational costs have stabilized (https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions).
A January 2024 analysis found that approximately half of recent U.S. inflation is attributable to increased corporate profits, not necessary cost increases (https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits).
I urge you to support legislation implementing price controls on essential food items, including:
• Basic groceries and produce
• Specialty foods for dietary restrictions (gluten-free, dairy-free, vegan options)
• Essential household items
These measures are crucial to protect consumers while ensuring fair market practices. Major retailers continue to report record profits while families struggle with basic necessities (https://www.foodandwaterwatch.org/2024/03/26/high-food-prices-consolidation/).