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The real monster behind soaring prices

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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.”

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