{"id":1772,"date":"2024-01-19T11:20:32","date_gmt":"2024-01-19T11:20:32","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2024\/01\/19\/half-of-recent-us-inflation-due-to-high-corporate-profits-report-finds\/"},"modified":"2024-01-19T11:20:32","modified_gmt":"2024-01-19T11:20:32","slug":"half-of-recent-us-inflation-due-to-high-corporate-profits-report-finds","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2024\/01\/19\/half-of-recent-us-inflation-due-to-high-corporate-profits-report-finds\/","title":{"rendered":"Half of recent US inflation due to high corporate profits, report finds"},"content":{"rendered":"<p>Thinktank report says \u2018resounding evidence\u2019 shows companies continue to keep prices high even as their inflationary costs drop<\/p>\n<p>A new report claims \u201cresounding evidence\u201d shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.<\/p>\n<p>The report, compiled by the progressive <a href=\"https:\/\/groundworkcollaborative.org\/\">Groundwork Collaborative<\/a> thinktank, found corporate profits accounted for about 53% of inflation during last year\u2019s second and third quarters. Profits drove just 11% of price growth in the 40 years prior to the pandemic, according to the report.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/jan\/19\/us-inflation-caused-by-corporate-profits\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thinktank report says \u2018resounding evidence\u2019 shows companies continue to keep prices high even as their inflationary costs drop A new report claims \u201cresounding evidence\u201d shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop. The report, compiled by the progressive &#8230; <a title=\"Half of recent US inflation due to high corporate profits, report finds\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2024\/01\/19\/half-of-recent-us-inflation-due-to-high-corporate-profits-report-finds\/\" aria-label=\"Read more about Half of recent US inflation due to high corporate profits, report finds\">Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1772","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/1772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=1772"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/1772\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=1772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=1772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=1772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}