OECD report shows corporate profits contributed far more to inflation in Australia than wages and employee costs

The Australia Institute

The Organisation for Economic Cooperation and Development (OECD) is the latest leading economic body to publish research showing the important role played by historically high corporate profits in explaining the surge in inflation after the COVID pandemic.

Its new findings are consistent with both the methodology and the conclusions published by the Australia Institute and its Centre for Future Work in recent months.

Director of the Centre for Future Work at The Australia Institute, Dr Jim Stanford, and Policy Director Greg Jericho, are available

/Public Release.