I have read it. Have they lowered prices? Or have they held them high because they can?
https://www.ippr.org/media-office/revealed-how-powerful-comp...
https://www.axios.com/2023/05/18/once-a-fringe-theory-greedf... ("In March, the chief economist at UBS Global Wealth Management, Paul Donovan, published a note on "profit margin-led inflation," describing how in late 2022 and into this year, companies — particularly retailers and consumer goods makers — convinced consumers that they needed to raise prices. (They didn't really.)"
https://www.interest.co.nz/business/122533/paul-donovan-what... ("Paul Donovan on what profit-led inflation is, how it happens and how to combat it")
https://www.federalreserve.gov/newsevents/speech/brainard202.... ("Retail markups in a number of sectors have seen material increases in what could be described as a price–price spiral, whereby final prices have risen by more than the increases in input prices."
https://www.nytimes.com/2023/07/13/business/pepsico-earnings... | https://archive.today/RgxsB ("Price Increases Lead to Big Jump in Profit at PepsiCo")
