[jesusthatsgreat]

Absolutely. If cost of goods goes up 7.8%, most companies will round prices up by 10%. Increased costs is a great excuse to not only pass costs on to the consumer, but sneak in some additional "while we're at it" price rises too.

[mFixman]

Most goods didn't go up in price in the years before the pandemic despite consistent ~2.5% inflation.

Companies try to raise prices as little as possible, which means accounting for inflation in previous and following years.

[JaimeThompson]

Lots of things have been reduced in size / quality which is approximately the same as raising prices.