Don’t try to tell me my wages are sharply increasing either, because they’re not! Nor are my friends, family, or neighbors.
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I think a lot of inflation is the effect of the thick layer of middlemen between you the consumer and the initial producer of whatever it is you are buying.
Most businesses gather together all the costs associated with getting hold of the product, then add some percentage to that cost to generate the profit they want to show. If there are 5 businesses between you and the producer (truckers, wholesalers, retailers, etc) each adds that profit margin, increasing the price to the following handler who adds his profit to the profit added in the step before. By the time it gets to you, you might be paying a sizable charge for that profit-on-profit-on-profit structure.
That extra money you are spending is way more than the actual increase in price of the product itself and goes directly into the pockets of the middlemen.
Have you noticed the record profits of lots of large companies as we get out from under covid and inflation numbers are inching upward?
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