Washinton senators call for investigation into baby formula price gouging
As inflation hits people's wallets, price gouging is a term being used to describe some of the products seeing a steep increase in cost.
Washington Senators Maria Cantwell and Patty Murray have now called for a Federal Trade Commission investigation into baby formula price gouging.
In a letter to FTC Chair Lina Khan, the senators allege a major retailer has increased its price for a specialized formula 33 percent between October 2020 and May 2022.
"It's definitely a confusing time for consumers, as they're seeing prices at levels that they've never seen, or they're seeing some products just not on shelves that they've been used to finding," said Seattle University Professor Mathew Isaac. Isaac studies consumer judgement and decision-making.
https://www.msn.com/en-us/news/politics/washinton-senators-call-for-investigation-into-baby-formula-price-gouging/ar-AAYwxOw
