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For Immediate Release
Contact: press@groundworkcollaborative.org

Groundwork’s Lindsay Owens on Corporate Profits Data: “Inflation has more room to fall if corporations stop their excessive profiteering”

Today, the Bureau of Economic Analysis (BEA) released new data showing that domestic nonfinancial corporate profits increased $136.5 billion in Q4, compared with an increase of $90.8 billion in Q3. Groundwork’s Executive Director Lindsay Owens reacted with the following statement:

“Even as supply chains have normalized and input costs have fallen, corporations are still padding their profits on the backs of families. Falling inflation has been a welcome sight, but it has more room to fall if corporations stop their excessive profiteering.”

Email press@groundworkcollaborative.org to speak with one of Groundwork’s experts about the role of corporate profits in rising prices.

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.