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Corporate greed not to blame for price pressures, Fed study shows

Posted on AllSides May 21st, 2024
From The Center
REUTERS/Shannon Stapleton/File Photo

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and services have been relatively flat during the post-pandemic recovery, the bank's latest Economic Letter showed.

"As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current...

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