To be absolutely fuming at this news from the IMF

[Whattheactualwhatnow]

IMF have announced that the largest contributor to European inflation rates in the last two years was corporate profits. Not labour costs, or import prices, but rising corporate profits.

So we are all being slaughtered month after month on rising interest rates on our mortgages to curb inflation, unaffordable increases on utilities and essentials, while nothing is being done to address profiteering.

https://www.imf.org/en/Blogs/Articles/2023/06/26/europes-inflation-outlook-depends-on-how-corporate-profits-absorb-wage-gains

https://www.theguardian.com/commentisfree/2023/jun/27/the-guardian-view-on-pricing-power-its-about-firms-strength-and-profiteering

And the reason for corporate profits is that this has been the biggest wealth transfer certainly within my lifetime. So whilst all these small businesses were forced to close during covid, the governments printed money, gave contracts to their mates, and spending switched to big business.