Groundwork on New Inflation Report: Big Corporations Cash In While Consumers Pay the Price

May 11, 2022

Today’s Consumer Price Index (CPI) shows year-over-year inflation at 8.3%, a slight decrease from 8.5% the previous month. Groundwork’s Chief Economist Dr. Rakeen Mabud reacted with the following statement:

“This morning’s inflation report shows that megacorporations are still taking advantage of this moment to cash in – at the expense of consumers, families, and small businesses. On corporate earnings calls, their strategy is clear: they aren’t just passing along rising costs to consumers; they are going for more.”

Read Groundwork’s new Q1 report on corporate prices and profits here and email to set up an interview with Dr. Mabud.

Groundwork’s New Research on Inflation and Corporate Profiteering: