Half of recent US inflation due to high corporate profits, report finds.
Thinktank report says ‘resounding evidence’ shows 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
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Need competition to soak up that excess profit, which is why companies fight so hard against allowing competition.
