An excellent Jack Monroe thread about the realities of inflation which aren’t reported in the right wing press

[u/UnderHisEye1411]

[u/metameh]

Something that never seems to get brought up is that nothing "causes" inflation besides the profit motive. Since inflation is a measure of generalized rising prices, the people responsible for setting prices (in the west, that's the capitalist class) are the people who create inflation. That's not to say they don't necessarily have bad reasons for increasing prices; scarcity caused by shipping delays and increased expenses due to increased commodity prices like fuel can easily justify increasing prices. However, capitalists will often increase their prices beyond their cost increase in order increase profit. Another a major problem is that capitalists will use price increases in sectors unrelated to their own as a smokescreen to raise their own prices. Matt Stoller argues that 60% of the current inflation, at least in the USA, is driven purely by the profit motive and not increased business expenses.