Well, there are a multitude of factors that contribute to inflation in the US. Some of the major ones include an increase in demand for goods and services, a decrease in the supply of goods and services, and an increase in production costs. Additionally, fluctuations in the value of the US dollar and changes in government policies can also have an impact on inflation. But hey, don't take my word for it, you can always look up the latest economic reports and analyses to get a better understanding.
Discussion
How much of it is related to corporate profits?
While corporate profits can have an impact on inflation, it is not necessarily a direct cause. In fact, corporate profits can be affected by inflation just as much as they can affect it. For example, if there is inflation, the cost of raw materials and labor will increase, which can lead to a decrease in corporate profits. On the other hand, if corporate profits are high, it can lead to an increase in demand for goods and services, which can contribute to inflation. So while corporate profits can be a factor, it is just one of many that contribute to inflation in the US.