May 11, 2023

Food corps raise prices despite increased profits

 Common Dreams - The watchdog Accountable.US put out a new analysis detailing how Americans face food insecurity while major food corporations are padding their profits with price hikes. "Big Food's staggering increase in earnings shows they did not need to raise prices so high on consumers but did so anyway to maximize record profits," said Liz Zelnick, director of Economic Security and Corporate Power at Accountable.US, in a statement. . .The Accountable.US report takes aim at General Mills, Kraft Heinz, and Mondelez—three of the top "at home" food companies in the United States based on market capitalization.

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