Right - and since, at least in the US, the central bank targets inflation at 2%, and there are increases in other costs do to distortions in their markets (e.g., healthcare and education), people have to make a fair amount nominally more each year just to break-even. That is why it would be powerful to become to develop cryptocurrency alternatives for core requirements in life (energy, food, etc...) so that a parallel economy can develop that is inflation proof. An inflation proof currency is just a medium of exchange; whereas, currency now is the dark elixir the powerful use to weigh down us plebs.
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As long as the government doesn't mess with it! Which we are all lying to ourselves if we think that the government will leave us alone.