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Up! Up! Coles' annual profits are up to $1.1 billion.

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AJ Sadauskas@aus.social
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Up! Up! Coles’ annual profits are up to $1.1 billion.

And to think the Reserve Bank still acts as though inflation and the cost of living crisis is due to wages (below the rate of inflation) or consumer spending, rather than corporate profiteering.

https://www.theguardian.com/australia-news/article/2024/aug/27/coles-reports-8-surge-in-annual-profit-to-11bn-amid-cost-of-living-crisis

@australia #news #politics #finance #business #auspol #coles #woolworths #capitalism #auspol

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Aurenkin@sh.itjust.works
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Yes, well, if we mention corporate profiteering then the deafening silence on that particular issue may become more apparent.

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