How does 8% inflation correlate with the 30-50% increase in the price of products also accounting for shrinkflation?

Question

Edit: thanks to everyone especially those of you that have really detailed answers. I’ve learned a lot .

In: 448

Answer 1

Some of the inflation happened over a year ago. Early in the pandemic computer parts shot up in price. Toilet paper and other products also began to rise faster than normal. 2021 saw nearly 5% inflation, and housing prices and the stock market were soaring even before the pandemic.