Shocking...but expected. Since there’s no pay raise in store to cover the rise....it all comes out of your pocket. So you have less money to spend on other things. It starts to train you to question each purchase (you probably don’t buy magazines at the grocery anymore...you probably go an extra 4k miles on tires that ought to be replaced...you probably put off a new car purchase for an extra year). So it hurts the economy and we simply shake our heads.
As more and more people can only buy what they need and not what they want, they will begin viewing the people that can buy what they want and not just what they need as the evil rich.
Wow - it's like you're watching my purchases over my shoulder. There are others, but you've pretty well captured it.