Not everyone is feeling squeezed by inflation. Many of the biggest businesses in the U.S. have actually expanded their profit margins despite rising wages, supply chain disruptions, and rising shipping costs.
Consumer sentiment has been crushed by declining standards of living and falling real incomes due to high inflation. Small businesses are reeling under the pressure of higher prices and a record 88 percent say they’ve been hit by supply chain shortages.
But for many big businesses with the market power to pass on higher costs and competition from smaller competitors ground down by cost inflation, the good times have continued to roll. Many publicly traded companies have reported “fatter profit margins so far this year than they did over the same stretch of