Is it really inflation if a large part of it is corporations choose to increase prices and profits?

Poll - Total Votes: 10

Yes

You can only vote on one answer.

Corporations are at monopoly levels. Choice and competition is minimal. They read the current climate and raise prices to increase profit margins, not to absorb increased prices. If they can get it, they'll charge it.

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Picklebobble2 · 56-60, M

Well they can't use recovery from covid (in America anyway)since America got off light in terms of business bailout.

If you're in Europe you might get away with 'supply issues' as successive springs and summers have been so poor in terms of weather and that's affected produce and farming.

In Europe, foreign companies have been charging a fortune for gas; electric and oil claiming it's becoming more expensive to drill for (plus the usual arguments between OPEC and other producers on price fixing and transporting)

Russia continuing to bomb and decimate Ukraine has affected a lot of grain imports into Europe so that may be a factor.
Oil and gas from here is increasing in cost because of it.

The interest rate for borrowing is probably the cause for most price rises.
This is why there's often vocal warfare between political parties trying to get support and the 'bookkeepers' telling them you can't afford it !