in

‘Excess profits’ at big energy and consumer companies pushed up inflation, report claims

Cooling inflation will be a 'double-edged sword' for companies, says Wolfe Research's Chris Senyek

LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report.

British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms made inflation “peak higher and remain more persistent,” particularly within the oil and gas, food production and commodities sectors.

“We argue…


Posted by Editor

How Skylar Diggins-Smith's absence impacts Phoenix's playoff hopes and beyond

Fever again land No. 1 pick in WNBA draft lottery

Nigel Farage finishes third in I’m a Celebrity … Get Me Out of Here!