News Nation: Some fear grocery merger could negatively impact communities

October 14, 2022 Media

Kroger said its planned merger with fellow grocery giant Albertsons will provide greater access to fresh food, but critics say it could strip communities of options.

The merger’s announcement comes after food prices rose 13% in September compared to last year.

Maureen Tkacik, a senior fellow at the American Economic Liberties Project, noted that restaurants aren’t experiencing the same kinds of increases.

“The gap between the 13% inflation inflicted by grocery stores vs. the 8.5% imposed by restaurants is a staggering 4.5 points,” Tkacik wrote in a Twitter thread breaking down the merger.