Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage Gains
www.imf.org
Higher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up
  • dragoonies@beehaw.org
    2·
    1 year ago

    Agreed and well said. I remember a report in the past year that showed the more consolidated an industry, the greater the amount of profit driven inflation. I think that helps show your point that it’s monopolistic power that’s enabling these companies to do this and that is what needs to be addressed, not interest rates.