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What is “greedflation” or “greed inflation”

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Are some companies using the excuse of inflation to generate record profits at the expense of consumers?

This is argued by those who have coined the term “greedflation” or “greed inflation” to refer to the alleged unnecessary increases in the prices of products by global business conglomerates.

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However, not everyone defends the term and some economists are making political use of the word as an excuse to justify inflation.

What is “greedflation” and what role does it have in the current economic crisis? We tell you in this video.

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  • ‘Greedflation’: how some companies are using the excuse of inflation to generate record profits at the expense of consumers

Script, presentation and video editing: Jorge Perez Valery; Research: Cristina Jimenez; Publishers: Ana Maria Roura, Mar Pichel, Natalia Pianzola.

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Source: Eluniverso

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