Ignatz . on Spoutible

"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. Prior to the pandemic, profits drove just 11% of price growth."

THE WHOLE GAME, CORPORATE PROFITS 💰💰
#Greedflation #IfYouDidntKnowNowYouKnow #BasicStuff

finance.yahoo.com

‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs

Groundwork Collective crunched Commerce Department data to find shocking greedflation results. But there’s evidence of it in a lot more places.

05:04 PM - Mar 02, 2024

Ignatz .

@Ignatz

And it was very obvious if you shop by price, like I do.

Kellogg's was charging $8 a pound for what's basically a box of rice. That's not enough of a markup? Guess not. They raised in to $12 a pound and blamed inflation. They used inflation as an opportunity to gouge.

In response to Alberto Pastor.

05:11 PM - Mar 02, 2024

Send reset password code via:

Enter the code to update your password.

Reset Your Password

Sign In

‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs