Dwain Northey (Gen X)

Inflation?

Among the report’s key findings: From April to September 2023, corporate profits drove 53% of inflation. Comparatively, over guy the 40 years prior to the pandemic, profits drove just 11% of price growth.

It’s Not Just Inflation — It’s Price Gouging

Corporations across industries, from housing to groceries and used cars, are juicing their profit margins even as the cost of doing business goes down. And they’re not hiding the ball.

Before-tax corporate profits rose by the most since the second quarter of 2022, up $133 billion following a $109 billion advance.

The progressive advocacy group Groundwork Collaborative recently argued that corporate profits drove 53% of inflation during the second and third quarters of 2023. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.

This is only a small sampling of the information available so let’s stop screaming inflation if we were experiencing inflation corporations would be feeling the pinch just like everyone else.