"corporate profits accounted for about 53% of inflation" in 2nd & 3rd qtr of 2023. The 40 years pre-pandemic, profits were only 11% of price growth.
"resounding evidence” "shows that high corporate profits are a main driver of ongoing inflation, & companies continue to keep prices high even as their inflationary costs drop"
"corporate earnings calls [show] executives bragging to shareholders about keeping prices high & widening profit margins as input costs come down"
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits