A new analysis released this week ahead of a congressional hearing on pandemic-era price gouging shows that U.S. corporations in the food and energy sectors—from Tyson to Exxon Mobil—are pushing higher costs onto consumers while raking in ever-increasing revenues and handing executives massive pay packages.
Conducted by the advocacy group Food & Water Watch (FWW), the analysis spotlights the fact that skyrocketing food and energy—specifically gasoline—prices have been major contributors to the overall rise of inflation in the U.S. Between December 2019 and December 2021, the nation’s Consumer Price Index (CPI) jumped by 8.5%.
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