LogFAQs > #972016996

J_Dawg983 posted...

Didnt it really take off when fuel prices like doubled?

That's been a major component of it. Being more expensive to transport stuff has downstream effects on the price of everything. That, in turn, was entirely a matter of oil companies deciding to jack up their prices using the war in Ukraine and sanctions against Russia as an excuse (which had some effect on oil prices, but nothing that remotely justifies the full price increase).

Beyond that, though, so many companies are reporting record profits, then turning around and saying that they "need to increase prices because of inflation." People expect price increases, so companies can get away with increasing prices, so companies increase their prices while pretending there's nothing they can do.