Hmmm... if you wanted some evidence that inflation is a function of profits rather than wages, how about this:

after supermarkets (and other retailers) scrambled to rebuild market share and sales and so have reduced prices over the last two months, inflation has dropped further....

The down-grading of the 'maintenance' of profits by major corporations, as had a pretty immediate impact.

The cost-of-living crisis is really a profit driven grab for your cash, folks!

#inflation
h/t FT

#DemocratsDeliver #JoeBiden #HarrisWalz

Federal Trade Commission Sues Big Pharma Middlemen for Inflating Insulin Prices
truthout.org/articles/federal-…

#Parma #Insulin #DrugPrices #Inflation

Federal Trade Commission Sues Big Pharma Middlemen for Inflating Insulin Prices

Some health care advocates hope this is just the beginning and that decision makers will go even further in the future.

^{Jessica Corbett (Truthout)}

Perhaps #Trump doesn’t get the basic concept of supply and demand because he was pulling in $300k per year from his daddy’s tax fraud scheme as a toddler and has only ever succeeded by grifting, stiffing suppliers and slapping his name on stuff.

#Election2024 #inflation #economics