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Paul Donovan Profile picture
Paul Donovan
@PDonovan_econ
Economist and author. Part time farmer. Economics without jargon, but with sarcasm. Environmental econ, inflation, diversity. New book “Profit and Prejudice”
Mar 30, 2023 • 11 tweets • 6 min read
Profit-led inflation (#greedflation or #excuseflation) is the third inflation wave since the pandemic. It is starting to attract increased media attention, which could well be its undoing. So what is it, how widespread is it, and what can be done? A🧵 Profit-led inflation is not a demand surge allowing higher margins. Profit-led inflation occurs when companies spin a fairy tale to persuade people profit margin expansion is "fair" - the price elasticity of demand is lowered. Prices up with stable demand.