"Many American corporations see inflationary panic as an opportunity to boost their profits. The Wall Street Journal reported that Todd Kahn, the CEO of luxury fashion brand Coach, even admitted that his company's "rise in [prices] isn't really about inflation … it's about reducing discounting."

Journalist Matt Stoller estimated that 60% of the price increases that ordinary Americans are paying are going directly to corporate profits, not to compensate for global supply issues or compensate for higher-priced goods. "

https://www.businessinsider.com/how-measure-inflation-raise-prices-corporate-profits-supply-chain-2022-2