Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows

kpw@kbin.social to News@lemmy.world – 677 points –
Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows
theguardian.com

Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

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Inflation roughly averages 8% over the last couple years. The price of milk has gone up 300%. These are not the same.

To be fair, milk specifically should cost a lot more than it does because our dairy agricultural system is disgustingly abusive to cattle.

They’re subsidized heavily which keeps consumer costs down, but not sure why that should also lead to abusing treatment

is disgustingly abusive to cattle.

Also to humans. I am pretty sure there is no minimum wage law in dairy in the US.

I don't have receipts to prove it but I don't think the price of milk has changed all that much. I just got a gallon for like $2.70. Earliest receipt I can find is from Feb of last year and I actually paid a bit more.