Paul Solman:

This is a charge that pops up in lots of places, even on my Twitter feed.

So, do the facts justify the outrage? Well, you have heard the standard causes of COVID inflation, government stimulus money, a tight labor market driving up wages, clogged supply chains, imports anchored offshore, and now, to top it off, Russia's invasion of Ukraine goosing oil, gas and wheat prices.

But if all this explains an inflation rate that's just reached 10 percent for businesses, the Producer Price Index, how come profits have risen even more?

Dion Rabouin>, The Wall Street Journal

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