Nibb 🇨🇦It's time to rebel!
"...for the 20 years leading up to 2022, corporate profits were responsible for about one-third of inflation. Last year, however, that ratio jumped to two-thirds..."
"...their take-home share of every consumer dollar effectively doubled.."
"...Profit-led inflation works until it does not and the point where consumers start to rebel against profit-led price increases disguised as other factors tends to be a tipping point with a sharp turn."
https://www.cbc.ca/news/business/inflation-profit-analysis-1.6909878
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.