‘Greedflation’ ravaging Western Europe – Nikkei ...News

Russia Today - Economy
‘Greedflation’ ravaging Western Europe – Nikkei
source : Russia Today ( News ) () 118
Corporate profit growth has reportedly been outpacing wage increases Inflation continues to rage in Western Europe, with monthly consumer prices soaring by over 14% in the UK and more than 10% in Germany, according to a Nikkei report. Some retailers have been hiking prices out of proportion with their underlying costs, it claimed.  Roughly 50% of price increases in the region resulted from local companies passing higher costs on to consumers, the outlet estimated. Consumption has slumped across the region as price increases have outpaced wage growth. Nikkei cited an analysis of annual results from 70 European food

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