White House Weighs In As, Grocery Prices Continue to Rise.<br />ABC reports that since the onset of the pandemic, <br />the cost of meat and other grocery products <br />in the U.S. have steadily increased.<br />Those increases are expected to continue through the end of the year. Now, grocery retailers and the Biden administration have weighed in on the issue.<br />Those increases are expected to continue through the end of the year. Now, grocery retailers and the Biden administration have weighed in on the issue.<br />On September 10, Kroger CFO and senior vice <br />president Gary Millerchip said the retailer will be, "passing along higher cost to the customer <br />where it makes sense to do so.".<br />On September 10, Kroger CFO and senior vice <br />president Gary Millerchip said the retailer will be, "passing along higher cost to the customer <br />where it makes sense to do so.".<br />According to ABC, the nation's largest retail operator reported a year over year increase in produce, floral, deli and bakery sales.<br />According to ABC, the nation's largest retail operator reported a year over year increase in produce, floral, deli and bakery sales.<br />Last week, White House statistics showed <br />that since December 2020, prices <br />have surged on three main products.<br />Beef is up 14%, pork by 12% and poultry by 6.6%.<br />Beef is up 14%, pork by 12% and poultry by 6.6%.<br />Price increases are also driven <br />by a lack of competition at <br />a key bottleneck point <br />in the meat supply chain: <br />meat-processing, Biden-Harris administration, via ABC.<br />Price increases are also driven <br />by a lack of competition at <br />a key bottleneck point <br />in the meat supply chain: <br />meat-processing, Biden-Harris administration, via ABC.<br />According to the White House, the four large conglomerates that control a large part of the market for these products, "have been raising prices while generating <br />record profits during the pandemic.".<br />According to the White House, the four large conglomerates that control a large part of the market for these products, "have been raising prices while generating <br />record profits during the pandemic.".<br />The administration said it is, "taking bold action to enforce the antitrust laws, <br />boost competition in meat-processing, and push <br />back on pandemic profiteering that is hurting <br />consumers, farmers and ranchers across the country.".<br />The administration said it is, "taking bold action to enforce the antitrust laws, <br />boost competition in meat-processing, and push <br />back on pandemic profiteering that is hurting <br />consumers, farmers and ranchers across the country."
