During her daily news conference, Psaki was questioned whether President Joe Biden agreed with Progressive groups that "corporate greed is a big driver of inflation right now."
She made a point to commiserate with Americans dealing with high grocery prices, but chalked up most of the damage to companies "jacking up prices" during the COVID-19 pandemic.
Biden marked his readiness to take on big companies in July when he signed an executive order attacking the stranglehold of monopolies in major industries, including airlines, agriculture, and banking.
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"I think that the President thinks the way people across the country, American families, digest inflation is by price increases. And if you look at industry to industry, it's a little different," Psaki said.
"So, for example, the President, the Secretary of Agriculture have both spoken to what we've seen as the greed of meat conglomerates.
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"That is an area - one where people go to the grocery store and they're trying to buy a pound of meat, two pounds of meat, 10 pounds of meat, it is - the prices are higher."
She added, "You could call it 'corporate greed.' Sure. You could call it 'jacking up prices during a pandemic."
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Psaki added that global supply chain issues have also added to the price issue, before finally acknowledging that Biden did blame pandemic profiteering.
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"There are other areas where we've seen increases because of supply chain issues, and we're seeing those increases around the world as it relates to gas prices, oil supply, and things along those lines," she said.
"So, I would say there's some areas where we have seen corporations benefit - profit from the pandemic. And - and, certainly, the president would agree with that component."
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Biden's July executive order cracked down on monopolies, strengthened existing antitrust enforcement, and aimed to tackle high prescription drug prices.
Biden has also pushed to ease supply chain issues through public-private partnerships and expanding operating hours at America's two largest ports.
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But inflation has become a major political liability for Biden, who last week called rising prices a "bump in the road," with a recent poll finding that just 28 percent of Americans believe he's handling the issue adequately while 69 percent disapprove.
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