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IMF puts blame on greedflation for rise in prices

Por: MarketWatch Business June 27, 2023

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The IMF doesn’t use the word “greedflation” in its missive, but that fits with the idea that it’s companies, not labor, at blame for the rise in prices. In the euro area, the latest data show prices growing 6.1% year-over-year, still well above target though below the 10.6% peak. That paper says that profits account for 45% of price rises since the start of 2022, compared to 40% from import costs and 25% from labor. (Per the IMF, taxes... + full article



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