Perhaps you do not understand the difference between relative prices and nominal price level. So it is natural to extrapolate that way. Try these as background

Perhaps you do not understand the difference between relative prices and nominal price level. So it is natural to extrapolate that way. Try these as background reading. 1. https://www.grumpy-economist.com/p/inflation-vs-prices https://www.grumpy-economist.com/p/inflation-vs-prices 2. https://www.grumpy-economist.com/p/inflation-and-relative-prices https://www.grumpy-economist.com/p/inflation-and-relative-pr... PS Almost all manufacturing is done indoors now. Rain does not affect supply of most manufacturing of iphones, trousers, ovens, etc.