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Beyond Inflation: Unmasking the Impact of Greedflation on Retailers and Consumers
Published:
Jun 2023
Pic: Shutterstock
Key Takeaways
Greedflation refers to a concept which states that excessive corporate greed for profits drives up the inflation resulting in increased prices. Some economists believe it is a contributor to inflation, while others take it as a consequence of inflation, while still others say it is high time that the concept is taken seriously by economists and governments.
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