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Where is the research in the article? It’s basically citing one paper, and not really telling what its title is so you can’t just review it to make sure it’s valid and not missing something.
One Google away:
https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/
Thanks for linking, it was just suspect that it wasn’t linked in the Reuters article (I know it Reuters, but even then if it’s a claim that might be challenged they should link to the research).