Housing
1880s - $500–$2,000 in smaller towns, or around $5,000–$10,000 in larger cities.
2024: The average in the U.S. is $375,000.
Automobiles
1920: The Model T Ford sold for $260–$850, depending on the year.
2024: The average new car costs approximately $48,000
Food
1880s - Bread: 5–10 cents per loaf.
2024 - Bread: $3–$5 per loaf.
And all this in the face of the industrial revolution, multiple increase in machine efficiency and globalization. The opposite is natural (price decrease). Such an inflation is pure theft.
You say that every country has a central bank. There are also pickpockets and bribe-takers in each of them. This is not an argument for it being a good thing.
To be fair cars have shown slight improvements since the 1920s. Same with the infrastructure that makes housing possible. Bread, well..
The thing is, it's all just numbers and inflation wouldn't be an issue if salaries would keep up with the rest of the market. Alas...
Point being, inflation in itself is not the problem. It's salaries not keeping up with it. Though arguably that's probably by design.