Meaning of greedflation | Babel Free

Definitions

Price gouging by corporations during an inflationary period, especially when the underlying cost of production has not risen accordingly; price increases ostensibly inflated solely by underlying fundamental factors but really in excess of that level.

neologism, uncountable

Equivalents

Examples

“Echoes her colleague Bernie Sanders (I-Vt.): “The problem is not inflation. The problem is corporate greed.” Their evidence for the greedflation theory was that prices companies charge had risen faster than input costs, which meant (at least for a while) that profits were growing.”

“In fact, evidence of ‘greedflation’ in food retail in Canada is weak at best. But prices in some food categories have behaved unreasonably in recent years, so we shouldn't think greedflation doesn't exist.”

“Excuseflation is also known as greedflation.”

“The “greedflation” thesis is in part a reaction against another common explanation for inflation: that it is driven by fast-growing wages.”

“If a company could manage to raise its price by a big percentage and have its volume go down by only a small percentage, it would increase its revenue, offsetting its higher costs. Some people called that profiteering or greedflation, but to Rines it was just good business.”

CEFR level