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Everyone cites "price gouging" every time prices go up in any industry, but if you bother to look it up the average profit margin of a UK grocer in 2022 is abou
by graeme 4y ago
Everyone cites "price gouging" every time prices go up in any industry, but if you bother to look it up the average profit margin of a UK grocer in 2022 is about 3%.
Unless that has jumped to 10-15%, or jumped in any meaningful way, you're just seeing inflation, not gouging. Generally, grocers are among those businesses with the least pricing power.
https://www.reuters.com/markets/europe/savings-algorithms-uk-supermarkets-battle-cost-living-crisis-2022-06-30/ https://www.reuters.com/markets/europe/savings-algorithms-uk...