Groundwork on CPI: Corporations are Hiking Prices, Making Record Profits

January 12, 2022

Today’s Consumer Price Index shows year-over-year inflation increased to 7.0%. Groundwork’s Chief Economist Rakeen Mabud responded with the following statement:

“This morning’s CPI release reinforces the urgent need to acknowledge and address the role of corporate greed in driving up prices. For too long, we have tolerated an economy optimized to boost short-term profits at the expense of workers, consumers, and families. Corporate profiteering is driving high prices. And consumers are paying the price.”

Email to speak to Dr. Mabud about one of the driving factors of rising prices: mega-corporations with massive market power. Read our latest findings here.


Below is a sampling of reporting on recent price hikes that got it right:

Groundwork Collaborative: The Groundwork Collaborative’s mission is to advance an economic vision for strong, broadly shared prosperity and true opportunity for all. Visit our website and follow us on Twitter @Groundwork.