It really doesn’t matter what you call it. It takes no economic literacy to recognize rapidly rising prices and their impact on your budget.
You can walk into a college-level class and ask them to give some definition of inflation, and most will say it’s something to do with a deflated tire.
These people have “Assistants” who make all their appointments & also keep the pantry full.
NONE of these ‘women’ have been in a grocery store in YEARS.
They have “drivers” or company cars that other people keep full of gas & maintained.
They haven’t a CLUE