Inflation has been on a bumpy, but steadily downward slope in recent months. Some of those big spikes we saw earlier in the pandemic have moderated. And what's left is profits, is companies profit margins. "A not insignificant amount of it is down to companies just keeping prices high"
The traditional explanation of inflation is simple: too much money chasing too few goods. But some experts are now wondering if companies’ aggressive pursuit of profit is driving up inflation as well.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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