re: WSJ: Why Gasoline Prices Are Rising Faster Than Usual This Year

quote:

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Many corporations are using inflation as an excuse to raise prices and profit margins on a record level.

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I know some profit margins have increased, but in the sector I work in, we had to raise prices as high as 40% in 2022 to catch up to total profit dollars, not profitability, for the 2021 inflation. We have not seen decreases outside of 1 or 2 main raw materials either, only smaller increases. So what I’m saying is while profitability may have increased from 22 to 23, we still aren’t back to margins seen in 18-20.