Grocery prices have risen more than 25% since 2020 while major food companies report record profit margins. The average American household now spends over $1,000 more per year on groceries than it did four years ago. Corporate consolidation in the food industry means four companies control over 80% of meat processing and two control most of the grain supply.
I urge you to support legislation that investigates anti-competitive pricing in the food industry and gives the FTC authority to pursue price-gouging cases. Families should not subsidize record corporate profits at the checkout line.