Skip to content

The real monster behind soaring prices

People in this story

Business Insider, May 2023

Drew has worked in the wholesale grocery business for over 20 years, making sure food hits the shelves on time and at the best prices. But nothing in his two decades in the industry prepared him for companies’ response to the pandemic.

“Usually in the industry, a price increase would happen maybe once a year, maybe once every two years,” he told me. But when COVID-19 hit, companies started raising prices every three to four months, which Drew said was “unheard of.”

Continue reading for Business Insider.

More Stories

image of shopper outside A Walmart Health center in Pinellas Park, Florida, US, on Tuesday, April 30, 2024.

Why Walmart, Walgreens, CVS retail health clinic experiment is struggling

image of rabbi at pro-palestine march holding a sign that says freedom for gaza and all of palestine

“I’m not sure this helps us much”: European countries are recognizing an official Palestinian state

image of two boston police standing outside in the street

Boston has had only three murders this year. What is it doing right?

All Stories