What Percentage Of Inflation Rate Is Corporations Raising Prices For Big Profits?

[DanieRains]

BP tripled it's profit in the 1st quarter for example.

Gimme a number to sound off.

America = Ran By Monopolies.

[CrispyQ]

2. We need a marketing department--stat!

It's not likely to happen, though, since it's clear we haven't valued messaging for four decades.

[GoodRaisin]

3. I'd say close to 100%.

Businesses increase their prices any time they can get away with it, and right now they are getting away with it.

[Bettie]

4. There are probably actual shortages of some things

but I believe it is mostly profiteering. Gouging.

Meat prices, for example, are artificially high, because the meat packing industry has virtually no competition.

There is very little competition in any industry anymore. They are consolidated to the point where they are functionally monopolies.

[uponit7771]

5. ***HUGE PART IS NAKED GREED!!!*** (link)

https://www.bloomberg.com/news/articles/2022-03-30/2021-was-best-year-for-u-s-corporation-profits-since-1950#:~:text=The%20numbers%20are%20in%3A%202021,cash%20transfers%20during%20the%20pandemic.

[BruceWane]

6. Get your CEO speak right

The trendy term amongst CEOs is "taking price". Because "gouging our customers with higher prices even though our costs remain stable" is so.... distasteful.

[uponit7771]

7. lol 👍,

[Midnight Writer]

8. When gas goes up, everything goes up.

We need to get away from commodities like fossil fuels for our energy needs.

Fossil fuels are too unstable, subject to manipulation, cause geo-political turmoil around the world, enables dictators and corruption, not to mention the civilization-ending pollution they emit.

[uponit7771]

9. This to, I remember reading above 3.50 a gallon inflation goes stupid in the US

[ProfessorGAC]

10. Less Than You Want To Hear

BP's profits are not relevant.
Crude producers & refiners do not set prices. Traders on the commodity markets do.
Since the baseline offering for unleaded, by regulatory standards, is calculated by (Crude + unit refining cost) * (1+ margin).
You can see by that equation that refiners like high oil prices because the higher the price of crude, the more dollars are represented by the margin.
When commodity buyers speculate the price of unleaded upward, the refiners get even luckier.
Their massive uptick in profit is the result of things they don't control. They're just fortunate beneficiaries of a system rigged against the consumer.
As to other product types, there may be some profiteering, but shipping is an intrinsic cost of everything we buy, with multiple layers of added cost.
Gas & diesel costing 30% more has a huge impact on consumer pricing that requires no unjustified price increases.
Everything went sideways when the commodity markets overreacted to Russia's criminal misadventure.
When crude & refined prices are this high, the whole system goes into turmoil.
"People are raising prices out of greed" is a quick & simple rationalization. Too quick & too simple.