Corporate price increases are contributing heavily to current inflation, according to some recent research papers.

Firms are practicing “greedflation” – boosting profits by raising prices above costs. Businesses are acting this way because consumers will be more likely to accept higher prices during inflationary periods.

One paper published by the International Monetary Fund, written by Niels-Jakob Hansen, Frederik Toscani and Jing Zhou, finds European firms’ profit-seeking is driving