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Retail Industry Responsible For Price Hikes Amid COVID-19 Pandemic And Inflation, Report

Posted on AllSides April 19th, 2022
From The Center
Photo: AFP/Frederic J. BROWN

While inflation has risen to record levels over the past year, leading to rising prices of goods, some companies have taken advantage of the situation.

A new report by Accountable.US reveals that some companies, in an effort to increase profits, engaged in price gouging and rose costs exponentially on consumers both during the COVID-19 pandemic and as inflation started to grow. The report named companies that were found to have engaged in the practice.

To find the companies responsible, Accountable examined financial statements from top retailers in the United States over the past...

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