Uber s surge pricing has once again been put under the spotlight after CEO Dara Khosrowshahi was shocked at the exorbitant fare charged to a journalist. Khosrowshahi attributed surge pricing to inflation and increased costs of labour, but Forbes report contradicted this, revealing that Uber s prices in the US had risen at four times the rate of inflation from 2018 to 2022. Uber announced a record-breaking Q2 performance, but surge pricing has also resulted in the company s stock falling nearly 6%.