Interest rates are going up, driving cost upward but consumers are sceptical they will get interest on their own money that beats the inflation. So they buy thi

Interest rates are going up, driving cost upward but consumers are sceptical they will get interest on their own money that beats the inflation. So they buy things that are more expensive now than last year because they are able to estimate future cost (or future dollar loss of buying power). Higher interest rates that push every organization to maximize profit are planned by the government not the consumer.