“Are record corporate profits driving inflation? Here’s what experts think.”
February 1, 2023
“…Some who do blame corporate price-gouging for a portion of the price increases said it arises from market concentration that allows a handful of dominant companies in a given sector to raise prices without fear of competitors undercutting them with lower-priced alternatives. But others doubt that explanation, noting the unlikelihood that a major shift in corporate concentration took place over just a couple years amid the pandemic…”
https://abcnews.go.com/Business/record-corporate-profits-driving-inflation-experts/story?id=85593108
No this is wrong. The supply side inflation is caused by bottlenecks from supply chain isuses. Those stem from the covid19 lockdowns. Also governments around the world cut energy. Oil being the prime example which drove up prices as well.