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In 1990, an economic crisis occurred in Cuba following the disintegration of the former Soviet Union, on which Cuba depended 1000%. This caused a disappearance of products and therefore an increase in the prices of basic products. We are not talking about luxuries or consumerism, we are talking about what is necessary to survive. People kept low salaries but were willing to pay whatever for basic products. This was resolved when the products that the government had withheld began to appear.
Now the phenomenon is different. Salaries have risen and products disappear. There is no such thing as what is necessary to survive, so there is nothing left after paying what is necessary. The products ARE NOT THERE.
I understand. I was just completing your set of ways that (price) inflation can occur.
Inflated prices due to rampant consumerism is definitely a thing in America.
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