> How are they unjustified? In my world, our costs have gone up over 50%.
Of course prices have gone up, but some businesses are using this as an excuse to raise prices more than is needed to make up for their inputs, leading to record profits, which are undeniable. Fed chair Powell stated in a Senate hearing that some companies are doing this "because they can". This is a hotly debated (political) topic though because of course companies don't want to be seen as exacerbating inflation, but there's plenty read if you search around.
Of course prices have gone up, but some businesses are using this as an excuse to raise prices more than is needed to make up for their inputs, leading to record profits, which are undeniable. Fed chair Powell stated in a Senate hearing that some companies are doing this "because they can". This is a hotly debated (political) topic though because of course companies don't want to be seen as exacerbating inflation, but there's plenty read if you search around.