Corporate America has enjoyed healthy profit margins in recent years, even as many people have had to make sacrifices to cope with the surge in prices. Inflation hit 40-year highs in 2022, and though it has cooled since, consumers have not gotten a break.

Profit margins at nonfinancial firms should remain elevated this year, as they benefit from lower costs, according to Goldman Sachs analysts. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump.

“Corporations just got used to ‘If I can charge the consumer X, Y and Z during the pandemic, and I can still continue charging them that now and they’re going to pay it ...

Why are prices still so high? Corporate greed, some say

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jbr's picture

Kellogg’s CEO: Let them eat Corn Flakes for dinner

“Let them eat Corn Flakes” appears to be Kellogg’s CEO Gary Pilnick’s advice to cash-strapped shoppers who are spending the highest portion of their income on food than at any point in the last 30 years

Kellogg’s CEO: Let them eat Corn Flakes for dinner

jbr's picture

McDonald’s prices are up, so lower-income consumers are eating a

Dining out has become more of a luxury. According to February inflation data in the Consumer Price Index, food at home prices grew 1% year over year, while restaurant prices rose 4.5% over the last year.

McDonald’s prices are up, so lower-income consumers are eating at home

bizgrrl's picture

Must be Joe Biden's fault.

Must be Joe Biden's fault.

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