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Economics

Are Price-Gouging Consumer Giants to Blame for High Inflation?

Companies blame labor shortages and rising demand, but some aren’t buying it.

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Explain This: Inflation

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With his poll numbers falling, U.S. President Joe Biden is under pressure to do something—anything—to get inflation under control. That’s led his administration to scrutinize the prices you pay at the grocery store, even if some critics argue alleged price-gouging by consumer products giants is a convenient bogeyman.