minus-squareIntrepidtron@lemm.eetopolitics @lemmy.world•Stubbornly high US inflation grew stronger than expected in March , vaulting to a 3.5% increase from last yearlinkfedilinkarrow-up12·6 months ago“High corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.” https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits It’s a misnomer to call this “inflation” — it’s corporate collusion-driven price gouging. linkfedilink
Intrepidtron@lemm.ee to politics @lemmy.world · 6 months agoMichigan GOP legislator posted about ‘illegal invaders’ at Detroit airport. It was Gonzaga’s March Madness teamplus-squarewww.cnn.comexternal-linkmessage-square15fedilinkarrow-up1218arrow-down14
arrow-up1214arrow-down1external-linkMichigan GOP legislator posted about ‘illegal invaders’ at Detroit airport. It was Gonzaga’s March Madness teamplus-squarewww.cnn.comIntrepidtron@lemm.ee to politics @lemmy.world · 6 months agomessage-square15fedilink
“High corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.”
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
It’s a misnomer to call this “inflation” — it’s corporate collusion-driven price gouging.