Greedflation Accounts for 53 Cents of Every Dollar of Inflation in Past 6 Months

A new report examining the causes of inflation demonstrates that corporate greed and increased CEO pay led to higher-than-necessary costs for American consumers in recent months. The report, from the progressive organization Groundwork Collaborative, found that, in the past two economic quarters alone, 53 cents out of every dollar of inflationary price increases were due to corporate profits.

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