https://finance.yahoo.com/news/inflation-decline-delayed-due-to-corporate-pricing-power-ing-202814849.html
Inflation decline to be delayed due to high corporate pricing power: ING report
“Businesses retain the ability to pass higher costs onto their customers and this will keep inflation sticky,” Knightly wrote in a report released Tuesday. “Ongoing supply chain issues and rising fuel costs mean 2% inflation is a distant prospect.”
Data from the National Federation of Independent Business revealed that 70% of companies raised their selling prices within the past 3 months. This number is slightly less than last month’s 72% balance, but still constitutes the second-highest percentage in the survey’s 47-year history. Approximately 46% of firms surveyed intend to raise prices further over the next three months, which is the sixth-highest percentage since the survey was first conducted.