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Finally someone reveals the true source of inflation [1]

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Date: 2023-02-09  

We have been inundated with stories of high inflation, tight labor markets and rising labor cost. Occasionally, rising energy cost, (i.e. Exxon), and freight logistics are thrown in for good measure. Today Axios as decided to tackle the true source of inflation price increases, Narrower profit margins could mean lower inflation

Neil Irwin and Courtenay Brown tell us that corporations are no longer able to raise prices in excess of their cost increase experienced, so we can expect inflation to slow down a bit. Who knew that there was a correlation between rising inflation and increasing profit margins. Neil and Courtenay do a much better job of laying out the facts, so check it out here.

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[1] Url: https://www.dailykos.com/stories/2023/2/9/2152065/-Finally-someone-reveals-the-true-source-of-inflation

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