Half of recent US inflation due to high corporate profits, report finds.
A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.
The report, compiled by the progressive Groundwork Collaborative thinktank, found corporate profits accounted for about 53% of inflation during last year’s second and third quarters.
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
Tony Arcieri 🌹🦀 /
npub1es…2z8gv
2024-01-19 18:53:19
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2024-01-19 18:53:19Event JSON
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"content": "Half of recent US inflation due to high corporate profits, report finds.\n\nA new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.\n\nThe report, compiled by the progressive Groundwork Collaborative thinktank, found corporate profits accounted for about 53% of inflation during last year’s second and third quarters. \n\nhttps://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits",
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