Biden must be pleased that inflation is coming down. Food and gas prices seem to finally be easing. The Lefties were claiming that the cost of everything went up so much because of price gouging, and it seems they had a point.
https://www.axios.com/2023/05/18/once-a-fringe-theory-greedflation-gets-its-due
After the wrenching disruptions wrought by the pandemic, which aren’t over yet, I can appreciate that companies need to catch up financially. But it does seem that a lot of them pushed the limits of what people are willing and/or able to pay.