After reaching a historic high in 2021, the margin rate of non-financial corporations (NFC) slipped back in 2022, mainly due to the end of the support measures associated with the health crisis. It stood at 32.0% of value added, or a level close to its average for 2018 (31.5%). On average across all NFCs, the substantial increases in input costs during 2022 did not affect change in the margin rate: on average, companies passed on these increases in costs via their production prices, i.e. in industry, for example, “factory-gate” prices. However, this change at the aggregated level of NFCs may mask considerable sectoral variations...