Daily Podcast: Greedflation - are businesses profiteering from the cost of living crisis?

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added 11 months ago by VideoK

43 Views

As food inflation rises to 19.2%, its highest rate in 42 years, the European Central Bank has suggested that it could be down to, in part, businesses profiteering from the cost of living crisis by increasing their prices for larger margins, a term known as 'greedflation'.

But what is the data behind the suggestion?

On the Sky News Daily, Sally Lockwood is joined by our economics and data editor Ed Conway, who helps to shed light on what greedflation is and how this term came about. He also shares data Sky News has calculated that breaks down what supermarkets spend their profits on.

For more Daily Podcasts: https://news.sky.com/topic/daily-podcast-7580

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog

Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales