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PRICE GOUGING AT SUPERMARKETS

  • Industry representatives have claimed that additional hazard pay for frontline workers would result in increased prices for consumers.

  • Here are the facts:

    • Food prices have already risen!

    • Since the onset of the pandemic, there has be a large and sustained  increase in the retail prices charged to consumers.

    • The increase in retail prices has not coincided with a similar increase in producer prices, so the so-called CPI-PPI spread has widened in favor of retailers over the past year.

 

Since the start of the pandemic, there has been a large and sustained increase in retail prices charged to consumers.

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Contrary to the claim that if low-wage workers were paid fairly for the significant risks they are taking, retailers would be forced to raise prices - we now have a situation where prices are up, profits are up, but workers' wages are stagnant.