One of the nation’s biggest supermarket chains warned last week that prices at grocery stores are going to continue rising for the near future because of high inflation.
Kroger Company, the largest supermarket chain by revenue in the United States, says inflation is “running hotter” than executives originally believed, according to Fox Business, which translates to higher prices for consumers.
Kroger CFO Gary Millerchip, in fact, said Kroger will be “passing along higher cost to the customer where it makes sense to do so.” Prices are expected to rise another 2-3% through the end of the year. . .
Albertsons Companies Inc., which also has a national footprint, has also warned that increasing inflation may lead to additional price increases. (Read more from “Top Supermarket Chain Warns High Inflation Will Continue To Drive Up Prices” HERE)
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