skip to main content
skip to newscasts

Friday, May 3, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Michigan lawmakers target predatory loan companies; NY jury hears tape of Trump and Cohen Discussing Hush-Money Deal; flood-impacted VT households rebuild for climate resilience; film documents environmental battle with Colorado oil, gas industry.

view newscast page
play newscast audioPlay

President Biden defends dissent but says "order must prevail" on campus, former President Trump won't commit to accepting the 2024 election results and Nebraska lawmakers circumvent a ballot measure repealing private school vouchers.

view newscast page
play newscast audioPlay

Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

FTC: Grocers gouging consumers with food prices

play audio
Play

Monday, April 22, 2024   

Food prices remain high, in Montana and across the country.

A new report by the Federal Trade Commission says the country's largest grocery companies are gouging consumers, by keeping prices artificially high.

Many grocers, retailers and wholesalers have consolidated to cut costs. Grocers continue to blame supply chain problems, even though regulators have said most of those issues have been resolved.

President of the advocacy group Farm Action, Angela Huffman, said retailers were doing more than making up for lost revenue during the pandemic-era supply chain disruptions - and the FTC report says they continue to do so.

"In 2021, the retailer revenues, they rose to more than 6% higher than their total costs, and that those profits are still going up," said Huffman. "So, in the first nine months of 2023, the profits increased to 7%."

At nearly 6.5%, Montana had the nation's ninth-highest grocery price increase in 2023.

The FTC data show Amazon, Kroger and WalMart each gained market share during and after the pandemic - while profits continued to rise.

Other large retailers and wholesalers have consolidated, which they say gives them more buying power and the ability to pass those savings on to customers.

Huffman said that isn't what's happening, and calls on regulators to fine the grocers, or more.

"This would be kind of the farthest extent of what they could do, but go so far as breaking them up," said Huffman. "In years past, they broke up the telephone companies and the railroads and, you know, that would be the ideal outcome for us, is to take away their excessive power."

Huffman also points to a 150% increase in egg prices in 2023, which producers blamed on the avian flu. The FTC says the disease did not justify the drastic price hike.




get more stories like this via email
more stories
Berryessa Snow Mountain National Monument's new Molok Loyuk region provides habitat for tule elk, mountain lions, bears, bald eagles and golden eagles. (Hispanic Access Foundation)

Environment

play sound

Conservation groups, tribes and community organizers are praising President Joe Biden's decision Thursday to expand two national monuments in …


Social Issues

play sound

Pennsylvania is among the states where massive protests and tent encampments opposing the war in Gaza are growing. Elez Beresin-Scher, a sociology …

Health and Wellness

play sound

Studies show suicide is a serious public health problem, claiming more than 48,000 lives each year in the nation. A new initiative from the Zero …


An installation view of the exhibition Art Against the Odds, is shown at the Neville Public Museum in Green Bay, Wisconsin. (Photo courtesy of Kate Mothes)

Social Issues

play sound

By Kate Mothes for Arts Midwest.Broadcast version by Mike Moen for Wisconsin News Connection reporting for the Arts Midwest-Public News Service Collab…

Environment

play sound

A new film documents the 2018 battle between Colorado environmentalists and the oil and gas industry over proposed fracking regulations. The film …

Among adults in Arkansas, 32.6% report symptoms of anxiety and/or depressive disorder, almost identical to the national average. (Halfpoint/AdobeStock)

Health and Wellness

play sound

As Children's Mental Health Awareness Week kicks off in Arkansas, an expert said parents can help their children have a healthy brain to thrive…

Environment

play sound

As part of an effort to restore the Mississippi River delta, an organization is collaborating with nature to address environmental challenges…

Health and Wellness

play sound

Toughing it out during spring allergy season is not in your best interest if you want to avoid asthma later in life. New Mexico has plenty of grass …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021