This paper reviews the current trend of inflation, its drivers, and its impact on real wages. The paper notably highlights that wages are not driving current inflation trends, which appear to be mostly influenced by increasing food and energy prices, supply chain disruptions, and, in many cases, the excessive profits generated by some companies that are profiteering from their dominant position in the current economic climate.
L20 brief - Addressing the cost-of-living crisis : The need to raise wages
