Are corporate profits to blame for inflation?

Image credit: PM Images / Getty Images. Article by Sam Klebanov. Morning Brew – June 23, 2023.

The once-fringe idea that corporate profits are driving inflation is gaining acceptance among economists.

Entering a time machine to stock up on household essentials at early 2021 prices often seems like the only way to escape the budget-busting inflation of the past two years. But do things really have to be this way? Companies have been saying “Yes.” Ever since inflation began skyrocketing, firms have claimed that they must raise prices due to higher costs for inputs like labor, raw materials, and energy. Tack on production slowdowns […]

Click here to view original web page at www.morningbrew.com