As inflation fury lingers, politicians join customers in pushing companies to cut prices
Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians' crosshairs.
Walmart, McDonald's and Kroger are just a few of the companies that have found themselves in the debate over high inflation in the 2024 election.
On Monday, Sens. Elizabeth Warren, D-Mass., and Bob Casey, D-Pa., sent a letter to Kroger CEO Rodney McMullen that questioned the grocer's rollout of electronic shelf labels, arguing the technology could make it easier to increase the price of high-demand items. The letter also noted that the supermarket chain could become bigger, depending on whether it closes its pending $24.6 billion acquisition of rival Albertsons.
Democrats — particularly those like Casey who are trying to win races in competitive swing states — are trying to capitalize on frustration against companies over inflation. The moves follow years of Republican attempts to blame the price hikes on President Joe Biden, who has also criticized corporations for what he called greedy tactics.
For instance,an X account run by House Republican leadership criticized Biden's economic policies in late May by listing some of the popular fast-food menu items that customers now pay more for at McDonald's, Chick-fil-A and Taco Bell. (The source of the data is unclear, and McDonald's has denied that its average prices have risen that much.)
On the presidential campaign trail now, both Democratic Vice President Kamala Harris and Republican former President Donald Trump have pledged to fight persistent inflation, while blaming different causes.
Harris has said during rallies that she'll fight "price gouging" by companies. At his own rallies, Trump has criticized Biden administration