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Economists and lawmakers are warning that high inflation is providing companies with an excuse to telegraph price increases during earnings calls, reducing market competition and compounding the pain for consumers.  “They’re profiteering, and they are using this moment and their monopoly power in man...

Economists and lawmakers are warning that high inflation is providing companies with an excuse to telegraph price increases during earnings calls, reducing market competition and compounding the pain for consumers.  “They’re profiteering, and they are using this moment and their monopoly power in many industries to raise prices on consumers,” Rep. Pramila Jayapal (D-Wash.) said…

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Excellent piece by @tobyburns1 on how inflation is providing cover for price fixing by firms in concentrated industries.