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Greedflation: An Immoral Debate
In recent times, inflation has impacted the way many Americans shop. Frustrated with prices that remain about 19% higher on average than before the pandemic, consumers have shifted their habits.
Greedflation: An Immoral Debate
Greedflation refers to a situation where greed is the underlying reason behind a rise in the cost of goods and services.
It suggests that price increases aren’t justified by legitimate factors, such as a rise in the cost of materials or labor.
Greedflation refers to a situation where greed is the underlying reason behind a rise in the cost of goods and services. It suggests that price increases aren’t justified by legitimate factors such as a rise in the cost of materials or labor. A price increase qualifies as reflation when greed is the sole reason for the rise1.
In recent times, inflation has impacted the way many Americans shop. Frustrated with prices that remain about 19% higher on average than before the pandemic, consumers have shifted their habits. For instance:
