Report: 'Greedflation' driving high prices | The Herald Times | Serving Meeker, Rangely, Dinosaur & Northwest Colorado
As corporate profits remain at all-time highs, a new report shows that more than half of rising consumer prices in 2023 were caused by corporate greed, or “greedflation.” Elizabeth Pancotti - strategic advisor with the DC-based think tank Groundwork Collaborative - said before the pandemic, corporate profits drove just 11% of price growth. But even