greedflation

[greed-fley-shuhn]

noun

Informal.

1. a rise in prices, rents, or the like, that is not due to market pressure or any other factor organic to the economy, but is caused by corporate executives or boards of directors, property owners, etc., solely to increase profits that are already healthy or excessive.

   He thinks this is just greedflation, an attempt to manipulate the economy, and that it will backfire and have unintended deflationary effects.

Other Word Forms

• greedflationary adjective

Word History and Origins

Origin of greedflation¹

First recorded in 2023; greed ( def. ) + (in)flation ( def. )

Example Sentences

In statements to NBC News, Casey further accused McDonald’s of “textbook greedflation,” and Warren said McDonald’s is “squeezing customers to make massive profits, paying out billions to wealthy shareholders, and then turning around and blaming inflation for high costs.”

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This has fueled public frustration with so-called "greedflation"— a term describing large corporations raising their prices during times of crisis.

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Ultimately, our study highlights the value of local food systems in the era of corporate concentration and "greedflation" in Canada's food system.

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Vice President Kamala Harris also made grocery prices a part of her 2024 presidential campaign, noting that she would seek to fight price-gouging and “greedflation” if elected, a stance that starkly divided the grocery industry.

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The company is not only seeking financial restitution, but it is also raising questions about fairness and competition during a time when “greedflation” is a hot topic, both culturally and politically.

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