It's interesting seeing economists finally come around to what has been obvious for ~18 months now: the majority of inflation is being caused by a handful of large companies using economic upheaval as a fig leaf for profit-seeking. It's called a “a profit-price spiral,” and it's what has beset the United States. The solution? Competition! Enforcing anti-trust law! Break up oligopolies to restore functioning capitalism. https://www.npr.org/2023/05/11/1175487806/corporate-profit-price-spiral-wage-debate https://www.nytimes.com/2023/05/30/business/economy/inflation-companies-profits-higher-prices.html