'Greedflation' driving price surges as firms prioritise profits over customers, experts claim

Concerns mount that ‘greedy' firms are pushing up inflation, not workers’ wage demands

suggested large companies were driving inflation with price increases that go beyond rising costs of raw materials and wages.

The European Central Bank said the “robust” growth of company profits and their mark-up “warranted constant monitoring and further analysis on an equal footing with developments in wages”.

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