New Study Exposes 'Greedflation' Impact A recent study by the Groundwork Collaborative highlights a striking trend in the current economic landscape: over half of the inflation surge in the past year is attributed to ‘greedflation,’ a phenomenon where corporations leverage excessive profit-taking. Despite a decrease in the overall pace of consumer inflation, it has settled around 3%, with recent months seeing unexpected rises. This trend persists even as prices for wholesalers show stability or decline, indicating that the inflationary pressures are not entirely driven by market fundamentals. The study’s findings emphasize that corporate profits are at record highs, suggesting a link between these profits and the sustained inflation rates. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Forecast: CommerzBank Says Gold Unlikely To Leave its Trading Range READ MORE Gold gains despite higher US Treasury yields, weaker dollar lends support READ MORE People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment