Major and minor corporations everywhere are taking full advantage of the difficult economic times. If something is in short supply, you can generally get people to pay more for it. If you're still paying for plane tickets for a vacation despite prices being considerably higher than normal? That’s a good example of demand-pull inflation.
The U.S. is experiencing demand-pull inflation due to wages rising and Americans having a decent amount of money in their savings accounts, although some consumers are starting to empty those accounts. Consumer spending has remained high despite rising prices. This is commonly referred to as demand-pull inflation, as consumer demand pulls prices higher because firms cannot keep up.
