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Price gougingCNBC
•86% Informative
Price gouging has become a buzzword during the presidential race.
Democratic presidential nominee Kamala Harris unveiled a plan this week to try to crack down on the practice, though she would face a difficult road to passing and implementing a bill.
The term has different meaning to different people, and the majority of states have laws that forbid price gouging in emergencies.
Kroger, Procter & Gamble and Domino 's have higher gross profit margins than they did prior to the pandemic.
An antitrust challenge to Kroger 's $24.6 billion acquisition of Albertsons has increased scrutiny of companies' pricing practices.
Kroger described accusations of price gouging as "misleading" and said nearly all costs of running a grocery store have risen.
In early October , Smucker plans to hike its coffee prices for the second time this year .
CFRA's Sundaram says a long list of factors led to inflation, including a spike in supply-chain costs.
He's skeptical that either administration can bring about a quick fix.
VR Score
89
Informative language
89
Neutral language
60
Article tone
informal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
Source diversity
6
Affiliate links
no affiliate links