IMF reports inflation driven by corporate profits
Open link in next tab
Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage Gains
https://www.imf.org/en/Blogs/Articles/2023/06/26/europes-inflation-outlook-depends-on-how-corporate-profits-absorb-wage-gains
Higher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up