Could say that the pandemic did really give out some effect or somewhat fasten it out but lets put into the situation on where this pandemic didnt actually happen? For sure we would still see the same scenario.
Essentials become expensive and other things since cost of materials had increased as well.Making out some comparison prices from past and the present then you could actually see the notable differences of those numbers.
Wont really be surprised if there would be another price hike or changes or increase in next years to come despite of the current situation we are in.
I would agree with you. In my country, there was only a slight spike in inflation, and that was probably due to the rising oil prices (Brent crude prices have almost doubled in the last 6-7 months and this has a serious impact on all the sectors of the economy). There was no increase in the prices of any commodity purely due to COVID. And for the manufacturers, it will be detrimental if they increase the prices. As a result of the pandemic, there is a reduction in the level of disposable income for most people. If the prices are increased, then the consumption will go down.