Curious how these big input cost swings translate to final product costs. We're seeing steady news reports for individual components such as SemiConductors oil

Curious how these big input cost swings translate to final product costs. We're seeing steady news reports for individual components such as SemiConductors oil and other costs skyrocketing by triple digits. Presumably downstream the costs are partially eaten by wage declines, profit margin shrinkage, supply reserves, and other costs which aren't spiking. I wish I had access to an approximate Soviet style planning machine to simulate the outcome and time delay to cost increases. We're probably still eating the food grown with last years food and fertilizer prices.