Hardtail-Life

The original statement about things "costing more" in the future is misleading. Yes the actual, numerical price is higher but this is irrelevant. Considering the theory of inflation means that money is devalued and in general, with more inflation, firms will pay their employees more, the actual, numerical price increase is ruled out by the fact that the currency has devalued and more currency is in circulation for individuals to spend on the newly more "expensive" items. Simply, bikes' (or any other goods') price increase is generally cancelled out by the fact that because of inflation, the scarcity of money falls (there is more currency in circulation) and in turn, it's value falls. Because of this, products haven't become more expensive in "real terms".