AI may change the price of your Big Mac and groceries — what this means for shoppers
EconomicsMarketingBusiness Analytics
THE AI ANGLE
Setting real-time prices and collecting shopper dataFood retailers are using artificial intelligence to adjust prices in real time and track customer habits. These tools allow companies to approach personalized price discrimination by estimating an individual shopper's willingness to pay. For economic analysts, this practice distorts standard consumer price index calculations and weakens price transparency.
THE TEACHING ANGLE
Retailers combine broader market trends with individual tracking data, eroding the boundary between general dynamic pricing and targeted price discrimination.Read the original at cnbc.com Generate teaching or study materials
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