Where Data Tells the Story
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From 2012 to 2019, corporate profits grew by a modest 18% (CAGR of 2.4%). However, between 2019 and Q2 2024, profits surged by 92% (CAGR of 14.0%). Over this period, the average annual inflation rate rose to 4.2%, up from 1.5% during the earlier timeframe.