profit-focused inflation

[rcjordan]

ECB confronts a cold reality: companies are cashing in on inflation | Reuters

https://www.reuters.com/markets/europe/ecb-confronts-cold-reality-companies-are-cashing-inflation-2023-03-02/

[Brad]

Yup.  What was their first clue?

[rcjordan]

>first clue

US companies?

"In the United States, the profit margin expansion started earlier and has already started to reverse, albeit slowly and unevenly.

But unlike the United States, there is no official corporate margin data for the euro zone. Instead, national accounts and earnings reports from listed companies are being used as proxies to paint the inflation picture.

Euro zone consumer good companies, for example, boosted operating margins to an average of 10.7% last year, up by a quarter over 2019"