Video of Walmart employee raising price by 350% sparks outrage
A Walmart employee appeared to be filmed changing the price under a dressing from $2.24 to $7.88, an increase of more than 350%.
the viral video of the employee was shared by TikTok user @devious_love, who goes by Shawn Connor. It has garnered 2.8 million views since it was posted last week, with viewers debating the reasons behind such a blatant price hike.
“It must be Russian clothing,” joked the main comment, referring to the sanctions the United States and its European allies have imposed on Russia since the country invaded Ukraine on February 24.
Some comments blamed the alleged price hike on inflation, while others accused Walmart of “price gouging” and “corporate greed”.
One viewer dismissed the horrified outcry, theorizing that the worker was simply changing the price tag in view of a different set of items to be placed in the aisle.
“He’s probably doing a new planogram and something else is going to go on that shelf,” the skeptic wrote.
Still, the intense reaction to Connor’s video is an indicator of the panic American consumers are feeling over rising prices.
After President Joe Biden announced a ban on Russian energy imports into the United States on Tuesday, the national average price for a gallon of gasoline hit $4.17, according to the American Automobile Association (AAA). This amount surpassed the previous high of $4.11 in July 2008, without taking inflation into account.
The National Grocers Association said rising fuel prices could lead to higher prices throughout the supply chain, due to rising transportation costs.
Even before the full-scale invasion of Ukraine by Russian forces, inflation was rising in the United States. Financial analysts traced the trend back to spring 2021, when pandemic pressures on the economy began to ease and households were eager to spend money on travel, entertainment and other experiences. . However, supply lines were still bogged down by pandemic-related disruptions and could not meet pent-up demand, driving up prices.
The Department of Labor reported on Thursday that consumer prices were rising at the fastest rate in decades. The three categories that contributed the most to the overall price increase in February were housing, gasoline and food, according to the report.
The cost of household groceries has risen 8.6% over the past 12 months, the largest annual jump since April 2018, according to the Labor Department.
Newsweek contacted Walmart and Connor for more information, but did not hear back in time for publication.