Babaamaajimowinan (Telling of news in different places)
Babaamaajimowinan (Telling of news in different places)
A debate about the role of corporate pricing on inflation has grown more intense as the election nears and prices stay high
Consumers experience inflation most directly in settings like grocery stores. In companies, a high inflation environment complicates decisions about when and how much to raise prices.
As the election has drawn closer, the blame game over inflation has gotten louder with some criticizing the role of corporations.
Those critics, mainly left-leaning economists and politicians, say businesses are lifting prices on customers even higher and faster than their costs are rising, padding their profits and adding to the spiral of inflation.
"The biggest price gouging goes on in the very industries where there are the biggest players," Rep. Katie Porter, a California Democrat who has criticized pricing moves for months, said last week on MSNBC.
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