Ayala: Is inflation fueling price hikes, or is it corporate profiteering?
Arslan, an assistant professor of economics at the University of Texas at San Antonio who got his doctoral degree at Vanderbilt University, is from Turkey. He’s used to prices rising and fluctuating with a volatility incomparable to ours.I wanted to know if inflaction is causing prices to increase or whether corporate pricing, i.e., gouging and greed, is happening.But what Arslan will say is that when inflation rises, what corporations and companies have is “opportunity.
All of it creates an enticing situation for companies — and an incentive — to raise prices, potentially increasing profit margins above costs. Way above costs. Economics professor Isabella Weber at the University of Massachusetts Amherst has studied pricing policies and recently spoke onBut that doesn’t mean price increases have been justified “by the increase in costs,” she said. “As a matter of fact, what we have seen is that profits are skyrocketing, which means that companies have increased prices by more than cost.”
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