Re:America’s banks are missing hundreds of billions of dollars
by naasking on Wednesday March 22, 2023 @12:02PM
(#35263129)
> Corporations raising prices is a response to inflation, not the cause of it.
Sorry, that's wrong. Corporations are taking advantage of the perception of supply chain disruptions to excuse price gouging. Supply chain shortages led to a 1-2% bump in inflation pushing it to 3-4%. Corporations then bumped prices 3-4% which raised inflation even more, pushing it to 7-9%.
If corporations were raising prices in response to increases in costs, their profits would remain flat or only slightly increase. That's not what the data shows.
Sorry, that's wrong. Corporations are taking advantage of the perception of supply chain disruptions to excuse price gouging. Supply chain shortages led to a 1-2% bump in inflation pushing it to 3-4%. Corporations then bumped prices 3-4% which raised inflation even more, pushing it to 7-9%.
If corporations were raising prices in response to increases in costs, their profits would remain flat or only slightly increase. That's not what the data shows.