"Greedflation: The Impact of Corporate Profits on US Inflation"

A report by the Groundwork Collaborative thinktank suggests that high corporate profits have been a major driver of ongoing inflation in the US, accounting for about 53% of inflation during last year’s second and third quarters. Despite a decrease in input costs for producers, companies have kept prices high, leading to a debate about the sources of inflation. The report questions the need for further interest rate hikes and calls for stronger policies to rein in corporate profiteering. It also highlights examples of companies maintaining high prices despite lower input costs, and calls for stronger government intervention to address corporate profiteering.