Can an old law bring down grocery prices?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 3 April 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Related episodes:
Grocery delivery wars (Apple / Spotify)
Feeling inflation in the grocery store (Apple / Spotify)
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Transcript
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| 0:00.0 | NPR. This is the indicator for Planet Money. I'm Adrian Ma. |
| 0:14.0 | And I'm Whelan Wong. |
| 0:15.0 | Adrian, I don't know how often you frequent your local supermarket, |
| 0:19.0 | but grocery prices are not okay right now. |
| 0:23.2 | It's like over six bucks for a family size box of Cheesets, |
| 0:26.9 | which, you know, that's my personal barometer for inflation. |
| 0:29.5 | Oh my gosh, that is a barometer of inflation that I understand. |
| 0:33.0 | Truthfully, I'm a cheese nips person more than a cheese hits its person. |
| 0:37.0 | Yeah, I think they just, they taste less healthy. |
| 0:40.0 | Yeah, though, that's important. |
| 0:42.0 | Yeah. The struggle is real though. |
| 0:43.6 | Grocery prices have gone up 25% since January 2020 and that's outpaced the |
| 0:48.9 | increase in inflation overall. Yeah, and high grocery prices aren't just an economic issue. They were a hot-button political issue. |
| 0:56.0 | Last month, President Biden announced that he's launching a strike force, that's literally what he's calling it to crack down on unfair or illegal |
| 1:04.6 | pricing by corporations. That might have been welcome news for smaller |
| 1:08.4 | grocery stores. They've long accused big retailers of getting an unfair advantage on pricing. |
| 1:14.0 | And the small grocers have their own plan to address this. |
| 1:17.0 | They want to dust off an antitrust law from the 1930s |
| 1:21.0 | that has gone unenforced for decades. It's called the Robinson-Patman Act. |
| 1:26.5 | Today on the show we explain what this law does, why it's back in the conversation |
| 1:32.1 | and whether reviving it would give consumers relief |
| 1:35.1 | on grocery prices. |
... |
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