FTC to probe stubbornly high grocery prices

Federal Trade Commission (FTC) Chair Lina Khan said Thursday that her agency will be investigating the high cost of groceries in the U.S. as chain supermarkets bring in "enormous profits."

Khan noted at a joint FTC and Department of Justice (DOJ) public meeting that the cost of groceries “skyrocketed during the pandemic, due in large part to the higher costs and supply chain disruptions.”

“But we also know that in the years since, costs have fallen, and supply chains have improved,” she said.