Moody’s Chief Economist: Price Gouging Isn’t a ‘Significant Factor’ in High Inflation

On Tuesday’s broadcast of C-SPAN’s “Washington Journal,” Moody’s Analytics Chief Economist Mark Zandi stated that price gouging is not “a significant factor here in the high inflation that we’re observing,” and “I don’t think the reason why consumer price inflation is close to 8% year-over-year is because of price gouging.”
Zandi stated, “The oversight that is required to address potential price gouging, that lies with Congress and the administration, and they need to shine — continue to shine a bright light on potential bad practices. And you may recall, the administration did that with the meatpacking industry …
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