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RT @johnffarrell
Hey @Marketplace, this AM you mentioned that i…
https://twitter.com/johnffarrell/status/1654485260690661377
Even with today’s slowdown, profit growth remains a big driver of inflation in recent years: Corporate profits have contributed to more than a third of price growth
As strange as this might sound, the actual economic cost of inflation is often hard to identify. One might think that it’s obvious that if inflation rises from 0% to 5% then the purchasing power of “real” incomes (nominal incomes adjusted for inflation) throughout the economy has fallen by 5%. But that’s not right—or at…

