RonaldTooTall, 4 months ago Companies are profiting handsomely while inflation rages, report says. Corporate profits surged to a 53% share of inflation in 2023, compared to just 11% pre-pandemic, suggesting businesses are padding prices, not just covering costs. https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits #Inflation #Business #Greedflation #Economics #Prices
Companies are profiting handsomely while inflation rages, report says.
Corporate profits surged to a 53% share of inflation in 2023, compared to just 11% pre-pandemic, suggesting businesses are padding prices, not just covering costs.
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits #Inflation #Business #Greedflation #Economics #Prices