Grocery stores aren’t the most lucrative industry. They have a profit margin of only one percent. So when they get charged higher prices by suppliers, they have no choice but to pass those costs on to consumers.
But for political gain, Senator Elizabeth Warren (D-Mass.) is trying to blame grocery stores for high prices. On January 7, Warren tweeted a video clip from her appearance on MSNBC last week.
“What happens,” she asked, when “grocery store chains like Kroger dominate an industry? They can force high food prices onto Americans while raking in record profits.” She called for the use of the government’s antitrust power to “break up” grocery chains like Kroger.
