If people pay for the higher prices then it doesn’t matter. The general public would need to boycott or literally not be able to afford the prices of the good. Unfortunately, we all are very poorly disciplined in that regard, myself included.
I actually didn't buy something I wanted yesterday and found an alternative instead because of the out of control price gouging the last few years. I bought a compost bin there 4 years ago for $24. I needed a new one and went to my purchase history to buy the same one. They want $50 now. Seriously, man? 100% price increase in 4 years? Nah man. I found something else. The worst part is that it wasn't even a good can. The lid broke after a year. $50 for a tiny one gallon trash can that'll last a year is completely ridiculous.