Blaming Business Profits for Inflation an ‘Incoherent Narrative’: Economist

Blaming Business Profits for Inflation an ‘Incoherent Narrative’: Economist
Commuters walk past an ANZ Bank branch in Martin Place in Sydney, Australia, on June 7, 2022. Brendon Thorne/Getty Images
Daniel Y. Teng
Updated:

An economist has criticised claims that business profits are driving up inflation, calling it an “incoherent narrative.”

His comments come as businesses come into the firing line of commentators, politicians, and the Reserve Bank of Australia amid rising inflation in the country.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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