And our inflation is driven by structural factors in supply chains, housing, and aggressive pricing by companies.

Don’t blame Biden when most of the inflation is driven by companies padding their bottom lines

Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC [non-financial corporate] sector have risen at an annualized rate of 6.1%—a pronounced acceleration over the 1.8% price growth that characterized the pre-pandemic business cycle of 2007–2019. Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase. This is not normal. From 1979 to 2019, profits only contributed about 11% to price growth and labor costs over 60%

Corporations are making record profits while they jack up prices on everything, but sure, blame Biden.