Did corporate price gouging fuel inflation? It's not biggest culprit

Most economists say price gouging is, at most, one of many causes of runaway inflation — and not the primary one.

WASHINGTON — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.

Responding to that sentiment, the Democratic-led House of Representatives last month passed on a party-line vote — most Democrats for, all Republicans against — a bill designed to crack down on alleged price gouging by energy producers.

Likewise, Britain last month announced plans to impose a temporary 25%

→ Continue reading at KGW TV

Related articles


Share article

Latest articles