Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer.
“High corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.”
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
It’s a misnomer to call this “inflation” — it’s corporate collusion-driven price gouging.