FTC to Investigate High Grocery Prices Amidst Declining Costs

Chair Lina Khan seeks to uncover if major chains are exploiting market power to maintain inflated prices.

The FTC will probe why grocery prices remain high even as supply chain costs decrease.
Major retailers like Walmart, Target, Amazon, and Costco may have to provide detailed sales and profit information.
The inquiry follows consumer complaints and political pressure over persistent price hikes since the pandemic.
The USDA reports a 25% increase in grocery prices over the past four years, outpacing other consumer goods.
Retailers like Target and Aldi have recently reduced prices on select items to alleviate consumer burden.