Inflation doesn't make more profit (unless a greedy retailer hikes prices beyond inflation because they think they can hide it in the general inflation).
Interesting how grocery profits went higher than the prior 30 year trend when covid supply chain impacts happened, and have continued to stay on a higher trend in the high inflation years following covid.
Yes, the retailers are greedy and increasing prices beyond inflation, and they're quite successful at it.
Also no one was going to blame Amazon for inflation. There are still people in the US who are under the impression that the only reason they would be paying any part of the tariffs is due to corporate greed instead of that just being how tariffs work.
Passing the cost to the consumer isn't a requirement. Sometimes it's impossible and stay competitive with local business.
Say local business charges $110. Imported charges $80 but a 50% tariff making it $120. If the import charges $120, they won't be competitive on price, so if that was their only differentiation, they would need eat at least $10 in tariffs.
Why are you only blaming Biden? Trump put more stimulus into the economy than Biden did. Both are culpable if looking at raw numbers. Additionally, I would argue that PPP loans from Trump's CARE act were mostly a failure, transferring more wealth to the already wealthy and pushing up asset prices even further.
And you think the seller is pocketing inflation price increases? If you're really talking about inflation, there's nothing to pocket, because the profit after increasing the prices has the same buying power. And every other price increase is not related to inflation.
Inflation is a systemic issue that cannot be specifically identified. A tax is a deliberate fee that is distinct from the actual cost of items. Not showing the cost of tariffs would be a deliberate attempt to hide the price of that tax.
