Both happened, because the dollar lost value, so they increaased the number of dollars for something. Pay inflation and retail inflation are effects of thje underlying problem.
I may be seeing double here... economics seems to be a shell game played by grifters; one gets a raise and then the goods industry raises their prices accordingly in addition to a % for the CEO and shareholders for their inconvenience for having to raise their prices Ta ! (short for tarradiddle), tailor
Exactly Ta ! (short for tarradiddle), tailor
And what does it say about a society that lets its people live in barely livable conditions?
Homelessness is so tragic in this state/country and never far from my mind because it's in my face everywhere I go. The rich get richer and the poor get poorer... it never ends. Had institutions had the proper humanity and funds required to serve the infirm perhaps they would have survived. Meanwhile those in the lower- middleclass are becoming the new homeless due to property barons, corporate greed, and inept public servants. No relief in sight.
