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Fortune
Fortune
Ryan Hogg

17,000-company study of COVID greedflation shows most profited from cost-of-living crisis

Young Asian woman with shopping cart, carrying a reusable shopping bag, shopping for fresh organic fruits and vegetables in supermarket. Environmentally friendly concept. Zero waste and plastic free. Eco friendly shopping. Sustainable living lifestyle (Credit: d3sign/Getty Images)

The aftermath of the COVID-19 pandemic came with many “new normals,” not least hybrid working and rising prices. Suggestions are growing that the latter may not have been entirely the result of extraneous factors.

A study of 17,000 British firms by the country’s Unite Union found that on average they increased their profit margins by 30% in the post-COVID period compared with 2018-2019. 

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