‘This Is Profiteering’: Lindsay Owens on Companies Hiking the Prices Despite Inflation Dropping

RUSH EXCERPT:

OWENS: "No, I think this is profiteering. Look, they were making a healthy profit before inflation. So what this is that they are taking the profit they were making before inflation hit, they are passing along any rising costs on their end. And given the inflationary environment, the fact that you are expecting to pay a little more, they want a little bit further still. And so they took the profit margins they were experiencing before the pandemic before these supply chain issues starting to cause inflation, and they expanded upon that."