Report from Sense partners economist Shamubeel Eaqub says greedflation is 'an imported narrative'

Report from Sense partners economist Shamubeel Eaqub says greedflation is 'an imported narrative'
Shamubeel Eaqub says there's no evidence profit margins are driving up inflation. (Image: Sense Partners)
Dileepa Fonseka
A new report questions whether "greedflation" is the real cause of inflation, as some have suggested, with analysis showing corporate profits are actually lower than they were before covid.  In a report for BusinessNZ, Sense Partners economist Shamubeel Eaqub found 75% of inflation over the past three years came from increases in the cost of inputs, with the remaining 25% evenly split between rises in wages and profits. "We found no evidence of widespread increases in profit margins driving up inflation in New Zealand,"...

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