They tell you that the price of bread rose ~22% because the price of flour&electricity rose by ~22%. But they don't you that bread&electricity account only 15% of bread's cost, the rest=labour. So, given that wages are stagnant, bread costs rose by 3.3% (15%X22%) => Profiteering!
🐦🔗: https://twitter.com/yanisvaroufakis/status/1588127053521600513
Yanis Varoufakis on Twitter
“They tell you that the price of bread rose ~22% because the price of flour&electricity rose by ~22%. But they don't you that bread&electricity account only 15% of bread's cost, the rest=labour. So, given that wages are stagnant, bread costs rose by 3.3% (15%X22%) => Profiteering!”