>The price of goods and services has decoupled from the cost for a while now, and prices are rising at a staggering rate without salary increases.
Almost as if there's multiple supply chain disruptions (from pandemic to ukraine) causing goods to be more scarce, causing consumers to bid up the prices for the goods that remain.
No. This has been the stated reason, but profits are at a record level. Inflation may be the reason for an initial rising of prices, but they do not return to old levels when costs go back down.
> the US COVID-19 inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.
Almost as if there's multiple supply chain disruptions (from pandemic to ukraine) causing goods to be more scarce, causing consumers to bid up the prices for the goods that remain.