Definition, Meaning & Synonyms

greedflation

noun

ˈɡriːd.fləˌeɪ.ʃən

Definition

Greedflation refers to the phenomenon where companies increase prices not solely due to cost increases but also to generate higher profits, often attributed to corporate greed.

Examples

Many consumers are struggling to afford basic necessities due to greedflation affecting everyday products.
Critics argue that greedflation is exacerbating economic inequality.
During the recent economic crisis, some companies were accused of participating in greedflation by raising prices unnecessarily.