Craig Froehle on Nostr: FORTUNE: Consumer prices pushed up mostly by corporate profits, new Groundwork ...
FORTUNE: Consumer prices pushed up mostly by corporate profits, new Groundwork Collaborative study finds
"Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth."
#greedflation #economy #inflation
https://fortune.com/2024/01/20/inflation-greedflation-consumer-price-index-producer-price-index-corporate-profit/
"Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth."
#greedflation #economy #inflation
https://fortune.com/2024/01/20/inflation-greedflation-consumer-price-index-producer-price-index-corporate-profit/