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Everyday Aussies are struggling as big corporates claim to be facing higher costs, yet still manage to post massive profits. Welcome to Greedflation.Greedflation describes the situation when businesses use rising costs as an excuse to increase prices, rather than absorbing at least some of the additional costs themselves.Banks, Insurers, Airlines and Telecoms are among those guilty of this type of price gouging.[URL unfurl="true"]https://www.news.com.au/finance/economy/australian-economy/big-aussie-corporations-called-out-for-160-billion-pricegouging-secret/news-story/fe027a2fa7b67dc2882a37bbb7d372cb[/URL]
Everyday Aussies are struggling as big corporates claim to be facing higher costs, yet still manage to post massive profits.
Welcome to Greedflation.
Greedflation describes the situation when businesses use rising costs as an excuse to increase prices, rather than absorbing at least some of the additional costs themselves.
Banks, Insurers, Airlines and Telecoms are among those guilty of this type of price gouging.
[URL unfurl="true"]https://www.news.com.au/finance/economy/australian-economy/big-aussie-corporations-called-out-for-160-billion-pricegouging-secret/news-story/fe027a2fa7b67dc2882a37bbb7d372cb[/URL]
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