What really drives inflation? Profits or wages?

When prices are high, workers request higher wages, so firms raise prices again… and so on. If this “tit-for-tat” approach continues, everyone ends up poorer.

Read #TheECBblog to find out why https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230330~00e522ecb5.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1641376085358129157