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Monthly US consumer prices post first drop in four years as inflation subsides (www.reuters.com)
submitted 2 years ago by to c/news@lemmy.world
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[–] [S] -3 points 2 years ago (1 child)

There's recent research showing that may not be the case entirely, though that's not to say price gouging isn't happening in places.

https://www.reuters.com/markets/us/corporate-greed-not-blame-price-pressures-fed-study-shows-2024-05-13/

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and services have been relatively flat during the post-pandemic recovery, the bank's latest Economic Letter showed.

"As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery," wrote the bank's research chief Sylvain Leduc and colleagues Huiyu Li and Zheng Liu.

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  • [–] 0 points 2 years ago (2 children)

    Why are you being downvoted? Is there something I'm missing with the generally accepted reliability of the source or the methodology in the research?

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  • [–] 4 points 2 years ago (1 child)

    Where is the research in the article? It's basically citing one paper, and not really telling what its title is so you can't just review it to make sure it's valid and not missing something.

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  • [–] [S] 1 point 2 years ago (1 child)
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  • [–] 2 points 2 years ago

    Thanks for linking, it was just suspect that it wasn't linked in the Reuters article (I know it Reuters, but even then if it's a claim that might be challenged they should link to the research).

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  • [–] [S] 2 points 2 years ago* (last edited 2 years ago)

    The source reporting on the study should lend itself to the veracity of the information. I think there's a bit of shooting the messenger going on. I trust Reuters as a reliable source of information, and if the study were lacking I feel it would be noted. The study was published in May, so I would hope if there were holes in the report they would have surfaced by now.

    https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/

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