What Could One Banana Cost? $10? Maybe for You, Some Fear.
The New York Times • • business
Key Points:
- Surveillance pricing, where consumers are charged different prices based on personal data, is being used to increase costs for services like ride shares, plane tickets, health care, and online grocery delivery.
- In response to rising food prices, New York City lawmakers Julie Menin and Shaun Abreu are introducing bills to curb surveillance pricing and dynamic pricing practices in the city's food retail sector.
- Menin's bill aims to broadly ban surveillance pricing across all five boroughs, while Abreu's proposal would limit grocery stores and bodegas from raising prices more than once every 24 hours.
- These local legislative efforts follow the state-level One Fair Price Package, which includes a bill to ban surveillance pricing online and in stores, supported by New York State Attorney General Letitia James and expected to pass soon.