Most people use the term "artificial inflation" to reference the price of products going up for no real-world reason, or when the company lies about the reason.

Most people use the term "artificial inflation" to reference the price of products going up for no real-world reason, or when the company lies about the reason. (As in, the price increase is explainable entirely -- or almost entirely, in higher margins for the company), but that the company blames on "inflation" anyway. If "Company X" is publicly saying "our prices are higher because of inflation", but you can also clearly see that their costs are not meaningfully different and their margins are higher, simply because the market has no alternative but to eat them, that's "artificial inflation".