The Damage Report
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New York Times FINALLY Dares To Admit Despicable Inflation Truth
Posted
June 5, 2023
Views
13,160
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984
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206
Engagement
9.04%
June 5, 2023
13,160
984
206
9.04%
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6:50Now PlayingThe New York Times publishes an article exposing the actual driving factors of booming inflation and corporate profiteering despite other outlets pushing inflation truth as a conspiracy theory. John Iadarola and Jessica Burbank break it down on The Damage Report.
Read more here:
Companies Push Prices Higher, Protecting Profits but Adding to Inflation
"The prices of oil, transportation, food ingredients and other raw materials have fallen in recent months as the shocks stemming from the pandemic and the war in Ukraine have faded. Yet many big businesses have continued raising prices at a rapid clip.
Some of the world’s biggest companies have said they do not plan to change course and will continue increasing prices or keep them at elevated levels for the foreseeable future.
That strategy has cushioned corporate profits. And it could keep inflation robust, contributing to the very pressures used to justify surging prices."
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