Greedflation ravaging Western Europe Nikkei

Corporate profit growth has reportedly been outpacing wage increases

Inflation continues to rage in Western Europe, with monthly consumer prices soaring by over 14% in the UK and more than 10% in Germany, according to a Nikkei report. Some retailers have been hiking prices out of proportion with their underlying costs, it claimed.

Roughly 50% of price increases in the region resulted from l