Greedflation: Are companies profiteering from price of residing disaster?

As meals inflation rises to 19.2%, its highest price in 42 years, the European Central Bank has prompt it may very well be all the way down to, partially, companies profiteering from the price of residing disaster by rising their costs for bigger margins, a time period generally known as “greedflation”.

But what’s the knowledge behind the suggestion?

On the Sky News Daily, Sally Lockwood is joined by our economics and knowledge editor Ed Conway, who helps to make clear what greedflation is and the way this time period happened. He additionally shares knowledge Sky News has calculated that breaks down what supermarkets spend their income on.

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Producer: Soila Apparicio
Junior Producer: Amy Lakin
Promotions Producer: David Chipakupaku
Editor: Philly Beaumont