Ica Maxi's profits and rising food prices

Ica Maxi stores significantly increased their profit margins, contributing substantially to high food price hikes for consumers. Investigations revealed that Ica and other grocery chains raised their own margins in kronor, leading to "very high price increases at the consumer level" due to market power and oligopolistic pricing strategies. Despite claims of efforts to lower prices, Ica Maxi's profit margins and payouts have grown, raising questions about who benefits from rising food costs.