Are Record Corporate Profits Driving Inflation?

Some people attribute the record corporate profits to driving inflation, while others cast doubt on that theory since they believe it is unlikely that a significant change in corporate concentration occurred during the pandemic over the course of just a few years.

Budgets for necessities like gas and groceries have been strained by sky-high inflation, but many huge firms have recorded record profits, angering some regular people and public authorities over price gouging.

Such dissatis...

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