Chris Alemany🇺🇦🇨🇦🇪🇸Bank of Canada doing its best to act surprised that what Canadians have been saying since this inflation era started might be true. "Profit Led Inflation" aka PRICE GOUGING
"He cites data from Statistics Canada showing that at one point last year, the cost of a unit of labour had increased by a little more than 10 per cent since the start of the pandemic. The per-unit profit, meanwhile, was up by more than 70 per cent over that same time frame."
CBC News https://www.cbc.ca/news/business/inflation-profit-analysis-1.6909878
#inflation #cdnpoli #canpoli #food #corporations #capitalism
It's not your imagination: Companies are more willing to raise their prices now — and it's because we let them | CBC News
Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren't afraid to raise their prices anymore.
Tim Richards