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Gee, I wonder what could be causing this?
“There are other factors that contribute to inflation that have not received enough attention. One of those factors is extreme price hikes — in other words, companies raising prices far more than required to offset higher costs even when accounting for shifts in supply and demand, resulting in the highest profit margins we have ever seen in the last 70 years,”
https://thehill.com/business/3756457-corporate-profits-hit-record-high-in-third-quarter-amid-40-year-high-inflation/
So, price gouging.
Yup. Nothing like decades of GQP policies allowing companies to create what are essentially monopolies. Merger after merger without government intervention means competition is dying and companies can and do charge whatever they want.