The term "Greedflation" is the stupidest thing to come out of the last couple years and is pure propaganda. It's a misunderstand of cause and effect. It's pushing blame for a problem the government created onto companies for not just eating the loss. It's absurd.
The economy was mismanaged and we had a massive spike in inflation. Your costs went up, businesses costs went up. Everyone's did. To maintain their business they are forced to raise their prices or shrink their product. Blaming inflation on "greed" is literally scapegoating.
The idea that businesses should keep their prices the same in spite of dwindling profit margins is just silly.
The economy was mismanaged and we had a massive spike in inflation. Your costs went up, businesses costs went up. Everyone's did. To maintain their business they are forced to raise their prices or shrink their product. Blaming inflation on "greed" is literally scapegoating.
The idea that businesses should keep their prices the same in spite of dwindling profit margins is just silly.
https://www.economist.com/leaders/2023/07/06/greedflation-is...