[dagw]

The 'bottom' spend a much large proportion of the income on 'stuff' that counts towards inflation than the the 'top'. If you take money out of rich peoples art and private jet budget and add it to poor peoples food and heating budget, then that can drive up inflation since food and heating make up a bigger part of the inflation calculation than art and private jets.

[lenerdenator]

Because we've allocated more resources towards the production of art and private jets than towards essentials production.

[aaomidi]

And allocation follows where money is, as well.

So yeah, allocation will lag a bit behind where the money is.