Inflation ultimately means that the money that you own now could buy you way less than it used to or that it will buy you products of a lesser quality than it u

Inflation ultimately means that the money that you own now could buy you way less than it used to or that it will buy you products of a lesser quality than it used to. And I think that we are very much seeing the effects of that. I would not be able to afford as much as I can today if I were only able to buy goods produced in my region (EU). We live under the impression that everything is fine because the decrease in purchasing power has been hidden by the fact that we buy mostly from goods produced very cheaply in the East.