Why are companies raising prices even though both stocks are plummeting and interest rates increasing?

Fairly straightforward question. If companies are beholden to the shareholders then why do companies keep raising prices and contributing to inflation if inflation is why stocks and the economic forecast is trash right now? It’s clear that companies are pushing prices beyond the cost for supply chain disruptions or other issues. I would think that if stocks are plummeting then companies would take that more than anything as a sign to back off. It just seems like these companies are pushing the envelope for a few quarters of minor bumps in their profit while risking their long term stock health and multiple quarters of economic downturn. I just don’t get it. It would be another thing if stocks were up.