NewsBite

Opinion

John Kehoe

Blaming inflation on greedy business is a populist cop out

It was the spillover of public sector stimulus that lasted for too long, not price gouging by companies that fuelled the inflation outbreak.

The false narrative peddled by some anti-business groups and commentators that unfair business profiteering is fuelling inflation is being debunked.

The inconvenient reality is that far from businesses driving up inflation, it was actually the public sector.

Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/blaming-inflation-on-greedy-business-is-a-populist-cop-out-20230417-p5d0zq