New York Law Demands Transparency in Algorithmic Grocery Pricing

New York Law Demands Transparency in Algorithmic Grocery Pricing

Photo by FOX ^.ᆽ.^= ∫ on Pexels

New York State has enacted a law requiring grocery retailers to inform consumers if their personal data is used to determine the prices of essential goods like eggs and toilet paper. The legislation aims to shed light on the increasingly prevalent practice of algorithmic pricing, addressing concerns about its potential impact on consumer costs. While retailers must disclose the use of data-driven pricing, they are not obligated to reveal the specific algorithms or methodologies employed.