Your new post is loading...
Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop
|
Scooped by Graham Watson |
Scoop.it!
No comment yet.
Sign up to comment
An interesting piece of US research claims that the current US inflation is, in large part, attributable to greedflation. This describes a situation where firms have taken advantage of rising costs to boost their profit margins at the expense of consumers.
The findings, from thinktank Groundwork Collaborative - no prizes for deducing their political leanings - suggests that in some cases - notably via a Proctor & Gamble earnings call - there's explicit admission of windfall profits, and there seems to be evidence that where Ukraine-linked price rises have subsequently given way to falls in input costs, they haven't been passed on to the consumer. It also hints at the fact that in some sectors, markets have become more concentrated, and thus it's easier to imagine collusion in these circumstances.