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FMI Statement on August CPI Food Price Numbers
Today, FMI – The Food Industry Association issued the following statement in response to the latest Consumer Price Index (CPI) numbers from the Bureau of Labor Statistics, which shows a 0.6% monthly increase in food-at-home prices for August and a 2.7% rise on a year-over-year basis.
FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig stated, “The rise in grocery prices after remaining flat in July is likely a result of significant production cost increases in July flowing through the supply chain...
Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program
The Kroger Co. today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interests to pursue the merger.
"Kroger is moving forward from a position of strength. Our go-to-market strategy provides exceptional value and unique omnichannel experiences to our customers which powers...
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