Surging gas prices and sky-high mortgages and rent sentĀ inflationĀ rising more than expected in March, adding to Americansā prolonged and painful battle with high costs. That could force theĀ Federal ReserveĀ to keep its punishingĀ ratesĀ higher for longer.
āHigh corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.ā
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
Itās a misnomer to call this āinflationā ā itās corporate collusion-driven price gouging.