> If your money is devalued through inflation and your groceries get more expensive, but you can still produce and sell a widget for the same price as before, d

> If your money is devalued through inflation and your groceries get more expensive, but you can still produce and sell a widget for the same price as before, do you (have to) increase the price of that widget? To the extent that you use the profits from selling widgets as the means to buy groceries to feed your family, yes, you have to, unless your family wants to go on a diet.