The contribution of firm profits to the recent rise in inflation

Panagiotis Bouras, Christian Bustamante, Xing Guo and Jacob Short

Economics Letters, 2023, vol. 233, issue C

Abstract: We measure the contribution to inflation from the growth in markups of Canadian firms. The dynamics of inflation and markups suggest that changes in markups could account for less than one-tenth of inflation in 2021. Further, they suggest that peak inflation was driven primarily by changes in firms’ costs.

Keywords: Inflation; Markups; Firm pricing; Market structure and pricing (search for similar items in EconPapers)
Date: 2023
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Working Paper: The contribution of firm profits to the recent rise in inflation (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:233:y:2023:i:c:s0165176523004755

DOI: 10.1016/j.econlet.2023.111449

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