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

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Hearing that big corporations are raking in hefty profits frustrates Nick Rosolino. As the owners of a small cleaning business in rural Maine, Rosolino and his wife are finding it increasingly difficult to break even after the prices for the products they use soared in recent years.

While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed.

“Many CEOs are stating that profits are up as a result of rising prices,” said Rosolino, 51, who lives in New Gloucester, Maine, about a half hour from Portland. “It’s definitely a driving force, greed. It’s corporate greed.”

Asked how they are feeling about the economy, Rosolino was among a number of CNN readers who blame companies’ drive for higher profits as a main factor for the dour mood. That has kept prices elevated and left them, and the nation, struggling, they say.

https://www.cnn.com/2024/03/11/economy/inflation-corporate-greed-biden/index.html