Over at Alphaville, Robin Wigglesworth looks at whether ‘Greedflation’ (aka price-gouging) meaningfully contributed to Eurozone inflation. Specifically, Bank of England research suggests that while they “find no evidence of a rise in overall profits in the UK” they did notice that “companies in the oil, gas and mining sectors have bucked the trend” with “some companies… much more profitable than others.”1 I was pretty skeptical about Greedflation initially; when i ranked the top 15 sources of US inflation in mid-2022, “Corporate Profit Seeking” was at the bottom, ranked 13 out of 15 inflation causes. But as time went ... (full story)