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
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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.