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Same product, same store, different prices? Well, a new study finds Instacart hiked prices - sometimes as much as 20% higher.
Instacart is using AI-enabled pricing experiments that are substantially raising the prices of identical products for different customers, according to an investigation by Consumer Reports and Groundwork Collaborative.
"Trump’s reckless handling of the economy has backed the Fed into a corner—stuck between rising costs and a weakening job market, it has no choice but to try and offer what little relief they can to consumers via rate cuts,” Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative.
The investigation from Consumer Reports and Groundwork Collaborative, a progressive policy group, found that some identical products were priced differently from one customer to the next—sometimes by as much as 23%.
Instacart has been using a shady AI algorithm that charges different prices to different customers on the same grocery items in the same stores without telling them, according to an explosive study released by Consumer Reports and Groundwork Collaborative earlier this week.
Members of Congress “were displeased, shocked, engaged and ready to consider legislative and oversight action,” Lindsay Owens, executive director of consumer advocacy group Groundwork Collaborative told The Post on Thursday, after meeting with 15 lawmakers.
The study from nonprofits Groundwork Collaborative and Consumer Reports followed more than 400 shoppers in four cities and found that Instacart sometimes offered as many as five different sales prices for the exact same item, at the same store and on the same day.
“Instacart is quietly running pricing experiments on millions of shoppers during the worst grocery affordability crisis in a generation, and it’s costing households as much as $1200 a year,” said Lindsey Owens, executive director at Groundwork Collaborative. “They have turned the simple act of buying groceries into a high-tech game of pricing roulette.”
The Federal Reserve today announced it will cut the federal funds rate by 25 basis points to a range of 3.5% to 3.75%.
A new analysis of an annual gift guide from New York magazine shows that key holiday items this year are 26% more expensive on average versus 2024, according to Groundwork Collaborative, a nonprofit consumer advocate.