Summary
Despite rising inflation, major U.S. corporations are reporting record profits, as companies pass rising supply-chain costs onto consumers. Economics correspondent Paul Solman explores whether concentrated market power is contributing to inflation.Five Facts
- What is inflation?
- When and Where did inflation start to rise at levels not seen in decades?
- What are some of the possible causes of recent inflation?
- How has inflation affected consumers?
- Why have many companies seen record profits in recent years?
Focus Questions
What actions do you think the government or private citizens take to lower costs and inflation? Media literacy: Who else would you want to hear from to better understand how companies are using the rising costs of materials to make higher profits?For More
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