IMHO, most countries do have the same problem whether they're a first world country or a third world or a developing nation. The governments can't just increase the salaries as soon as the people want it to be. But they have ways of increasing it and how to deal with it through yearly increase or whatever they are dictating to the private companies for them to help an individual cope up with the rising prices that's seen not gonna stop anytime soon.
it takes quite a long time to overcome inflation with high price values, and it is difficult to suppress it because the problems we are facing now make it unstable and can cause a stigma in society and indeed this has already happened, both positive and negative, so the impact of this inflation is felt, especially by the lower society and all groups are affected and it is very difficult to control it by influencing aspects of life.