Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

  • SCB@lemmy.world
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    10 months ago

    Lol I mean this is literally what inflation is.

    It’s not just some thing that happens. People realize they can make more money, so they do. Happens at every step in the supply chain, and thus prices go up across the supply chain.

    Prices are set at the limit of what the market will pay

    • NatakuNox@lemmy.world
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      10 months ago

      Oh no. Not for essentials and definitely not in our current economic environment. Our economy isn’t designed to have people spend money only on essentials. When people only spend money on rent and food or whole economy is on danger of collapsing.