Corporate greed blamed for inflation in new US survey

More than 80 percent of American voters attribute rising costs to "big corporations jacking up prices" as the inflation rate reached a new 40-year high last month according to a new survey, Common Dreams reported on March 12.

The new survey, based on a sample size of 1,000 respondents by the advocacy group Fight Corporate Monopolies, was released on Friday showing 82 percent of registered American voters believe big companies are responsible for at least some of the recent inflation, and ask elected officials to "take on powerful CEOs and rein in corporate greed to lower prices."

"Rising prices is the top economic issue for most voters, and they want elected officials to challenge corporate greed to lower prices," Helen Brosnan, executive director of Fight Corporate Monopolies, said in a statement.

With gas prices surging amid the Russia-Ukraine conflict, Sen. Bernie Sanders (I-Vt.), a co-sponsor of the legislation, wrote in a Twitter post: "Last year, oil and gas companies made $174 billion in profits, this year they're on track to make more. We cannot allow Big Oil to use Ukraine and 'inflation' as an excuse to rip off Americans."