“Unfortunately, this price gouging is a widespread problem, and corporate profits are responsible for more than half of inflation,” Senator Elizabeth Warren and Representative Madeleine Dean wrote in letters to the CEOs of the three manufacturers.
PepsiCo, which in addition to Pepsi Cola also owns 7Up, Lay’s chips and Quaker Cruesli, did not want to respond to the Bloomberg news agency. General Mills and Coca-Cola, including Fanta and Sprite, have not yet responded.