Groundwork Responds to Today’s CPI Data

December 10, 2021

Today’s Consumer Price Index shows year-over-year inflation increased to 6.8%. Groundwork’s Chief Economist Rakeen Mabud responded with the following statement:

“Rising prices are the direct result of decades of disinvestment in our supply chains and permissiveness toward corporate extraction that has weakened our economy’s responsiveness to crises. To tackle inflation, we need to focus on the real culprit behind rising prices: reining in corporate greed and investing in an economy that works for all of us.”

Email to speak to an expert on one of the driving factors of rising prices: mega-corporations with massive market power. 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.