Watchdog group Accountable.US notes that the nation's top 10 retailers have recently generated $99 billion in profit.
. Instead of keeping prices stable for struggling families, corporations have overcharged Americans and prioritized profit, the group claims.
"When corporate profits are at their highest levels in nearly 50 years and companies are showering their shareholders with billions in new benefits over the last year, it raises serious questions whether industries like retail have had to hike prices on families to such excessive degrees," Accountable.US President Kyle Herrig said in a statement to CBS MoneyWatch.
"As our customers advocate for value, we're continuously working with our suppliers to keep costs as low as possible for our customers," the company said in a statement."Our growth has been based on overwhelming demand in home improvement."To be sure, inflation is rising sharply due to a number of underlying economic issues, such as supply-chain bottlenecks, labor shortages and strong demand from consumers. Inflation in the U.S.
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