FTC investigates high grocery prices
As the Federal Trade Commission investigates the reasons behind high prices reported by the U.S. Department of Agriculture, an ASU agribusiness expert sheds light on price inflation at grocery stores.
In this story published Aug. 13, 2024, on ABC 15 Arizona:
“If you took all of their profit and divided it by the revenue they generated from all their store that’s only 1.4% as opposed to tech companies that make over 50%. So net margin is the best indicator for profitability in any company across any industry.”
– Timothy Richards, professor and Marvin and June Morrison Chair of Agribusiness
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