Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

Archived version: https://archive.ph/0d18B
Archived version: https://web.archive.org/web/20240119122923/https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits

  • Dyf_Tfh@lemmy.sdf.org
    ·
    10 months ago

    So according to the report, since 2019 54% of price increase are due to labor, 34% to profit and 12% to non-labor.

    Those 12% that started the current inflation loop are relatively small overall.