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Greedflation

Swetha 04/07/2023

Greedflation
What
Refers to
Price inflation caused by corporate greed for higher profits
Significance
Sign of increased market dominance by corporations
Disagreements by Critics
Corporations cannot set prices arbitrarily
Inflation refers to general rise in price levels, not individual goods or services
No evidence of deliberate reduction of supply
Supply gaps would be quickly filled by other suppliers
Inflation in the US explained by expansionary monetary policy of the Federal Reserve
Money supply rose by 40%
How
Significant rise in corporate profit margins since the pandemic
Higher profits realized by increasing goods' prices more than necessary to compensate for increased input costs
Higher input costs due to supply chain disruptions
Facts
Proponents' calls for
Curbing market power of big corporations
Banning price hikes to prevent profiteering

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Categories: Economic Issues - Inflation, Deflation, Slowdown, Recession, Depression

Tags: 04.07.2023, Newsbits

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