Craig Renney: Council of Trade Unions economist on rising corporate profits contributing to over half of domestic inflation
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
New research has found rising corporate profits have contributed to over half of current domestic inflation.
This information conflicts with earlier reports that increased wages and supply costs were the bigger driving forces behind inflation.
Council of Trade Unions economist Craig Renney says research shows that corporate profits have been boosting inflation all over the world- not just New Zealand.
"That's because companies can change prices far more quickly than workers can change their wage arrangements."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.