Not least people have gotten much more productive at some things and not at all more productive at other things. And those things become a larger fraction of what people want, see

https://en.wikipedia.org/wiki/Baumol_effect

We had a run from 1980 to 2020 or so where the price of most things stayed stable except for housing, healthcare, education and childcare. It’s only the last year that people are complaining about the price of electronics.