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‘Greedflation’ is Real—and Probably Good for the Economy

 wsj 3 min read 25 May 2023, 04:31 PM IST The Wall Street Journal

Companies have used inflation as an excuse for generous price increases, first-quarter earnings suggest. That may be one reason a recession is permanently six months away.

FILE - Shoppers buy food in a supermarket in London, Wednesday, Aug. 17, 2022. Official figures show that inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine which caused energy and food costs to surge. The Office for National Statistics said Wednesday that the consumer price index dropped to 8.7% in the year to April from 10.1% in March. (AP Photo/Frank Augstein, File) (AP)Premium
FILE - Shoppers buy food in a supermarket in London, Wednesday, Aug. 17, 2022. Official figures show that inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine which caused energy and food costs to surge. The Office for National Statistics said Wednesday that the consumer price index dropped to 8.7% in the year to April from 10.1% in March. (AP Photo/Frank Augstein, File) (AP)

A bit of corporate greed may be helping the fight against recession.

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