2 ms·
> inflation is being abused to raise prices Inflation is the rising of prices. If prices are rising around you, it makes sense to raise your own prices. Just l
by lukas099 3y ago
> inflation is being abused to raise prices
Inflation is the rising of prices. If prices are rising around you, it makes sense to raise your own prices. Just like it makes sense for workers to look for raises (i.e. raise their prices).
- wouldbecouldbe 3y agoYeah if you think the stores didn't use the general price hike and took advantage of it you our pretty gullible. According to the ECB itself it was the corporates who were the main driver & cause: theguardian.com/business/2023/jun/27/corporate-profits-driving-up-prices-ecb-president-christine-lagarde
- lukas099 3y agoIs it 'abusing' inflation if I ask my company for a larger raise due to inflation?
- wouldbecouldbe 3y agoYeah if its more then the inflation itself and you are doing it under the guise of inflation it's manipulative. Lots of products jumped 50% in grocery stores here, main argument was gas prices, then gas prices went down, still prices went up. And record profits as well.
- lukas099 3y agoI think that companies are always trying to make the most profit per unit sold. Inflation may have provided a stimulus that led to the companies being able to increase their prices, even beyond the increase in costs, but the inflation had to already be there for this to happen. I don't think it's really abuse; they are free to charge whatever they want.