Companies use inflation to hike prices and generate huge profits, report says

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The new figures comes as companies enjoy their most profitable year since the 1950s.

. Instead of keeping prices stable for struggling families, corporations have overcharged Americans and prioritized profit, the group claims.

"When corporate profits are at their highest levels in nearly 50 years and companies are showering their shareholders with billions in new benefits over the last year, it raises serious questions whether industries like retail have had to hike prices on families to such excessive degrees," Accountable.US President Kyle Herrig said in a statement to CBS MoneyWatch.

"As our customers advocate for value, we're continuously working with our suppliers to keep costs as low as possible for our customers," the company said in a statement."Our growth has been based on overwhelming demand in home improvement."To be sure, inflation is rising sharply due to a number of underlying economic issues, such as supply-chain bottlenecks, labor shortages and strong demand from consumers. Inflation in the U.S.

 

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Because Biden . . amiright

More like price gouging consumers because they can.

What you meant to say was - The new figures comes as companies continue to fleece the general public in ways never condoned of in the 1950s. CorporateGreed StockMarket Also whataboutJared?

Jesus offers eternal life 10,000 yrs in hit re- set be ok

kairyssdal who was that lady you had on Marketplace a week or two ago who said she neither saw nor heard of any evidence that this was occurring? You should have her back on for comment.

Awesome 🎉 congratulations ❤️

Karl Marx news doesn’t know how inflation works -it’s from federal government spending. Stop spending and start paying federal debt -devalue the dollar even more if they don’t.

corporate greed

By ripping off everyone of us!!

Done shopping at Lowe’s.

And yet some of my coworkers are lucky if they make the required 16 hours a week because 'corporate can't afford it.' Fuck this.

Yes locking down small businesses in favor of big chain for ‘science TM’ likely had that affect

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