Per article: Starbucks profits are up 31% after price increases in Oct and Jan. Average company profits are 12.4% which is well above the 11% five-year average.
Some companies are raising prices to keep up with labor and supply costs. Others see an opportunity to make hay.
Consumers keep spending which is a not talked about reason for inflation.
Credit card debt is falling and delinquent % for every debt category except student loans (hoping for Fed forgiveness) is down per Fed report. Wages and saving rates are still climbing. Consumers still have the cash/credit so they are still buying while prices keep rising.
I think we will need to see consumer spending fall to get inflation to drop.