Harris proposes grocery price gouging ban

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food prices

ABC News

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Harris to propose ban on grocery price gouging. Would it cool inflation?

Summary

Nutrition label

82% Informative

Vice President Harris to propose ban on grocery price gouging.

Economists who spoke to ABC News disagreed sharply over the measure.

Ban would disallow food and grocery companies from hiking prices an excessive amount over a set period of time.

Inflation remains a top issue for voters and a potential vulnerability for Harris .

The pandemic snarled global supply chains and triggered lockdowns, causing shortages of goods and workers.

Meanwhile, government stimulus boosted demand, sending too many dollars after too few products.

"It's economics 101 that if you stimulate demand while simultaneously deterring supply, your equilibrium will be significantly higher prices," a professor says.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful