Grocery Store Helps Americans While Biden Snoozes
This must be humiliating for Biden.
You know things are bad when CEOs have to step in to do President Biden’s job for him.
Now it appears that Kroger CEO Rodney McMullen has decided to step in and will now work directly with manufacturers so they help lower the costs of their food products because Americans are feeling the pain of Biden’s inflation.
According to Fox, McMullen explained, “About half of our customers are under a lot of strain from a financial perspective … their wages haven’t kept up with the inflation they’ve incurred.”
McMullen said that Kroger is working around the clock to make things affordable and accessible for their customers.
McMullen added, “Our expectation is as you get later in the year, you start seeing quite a bit of moderation in inflation or flat inflation. We still don’t see much deflation now.”
McMullen also talked about egg prices across the country and noted that he people can expect to see prices coming back down on certain items but not many in the near future.
The Kroger CEO also pointed out that customers are switching to Kroger brand products instead of name brand in order to save more money. “What we find is customers switched to our brands, initially to save money … when they switch, they stay with us, even when their budget gets a little less strained,” McMullen explained.
