What I was meaning by the statement was, a lot of the inputs into a business can't be controlled they are regulatory or influenced by outside forces e.g rates, rents, electricity, insurance, shipping costs, port handling charges, increased price of the product from the source.
I would assume those costs continually rise ( I know my rates, rego's, insurance etc have), a point must be reached where those costs erode a businesses margins to the point they either have to pass on those costs or go broke.
If a business buys in a product to sell and can't sell it for enough profit to cover their outgoings they will go broke eventually, so in reality the price of that product must go up as a function of increased costs, or the system fails.
Well that's my working out, the capitalist system we in Australia work in, whereby the private sector provide the countries trade and industries and the Govt provides services, unless the private sector can make money the system fails.
Which is why the Govt had to pour so much money into jobkeeper, otherwise there wouldn't be any goods available, when shoppers came out to shop, because the businesses wouldn't have been able to pay their suppliers and it would have imploded.
So really unless you can stop the price of statutory costs, energy costs, insurance costs etc rising, inflation is a naturally occurring event in the capitalist system.
I we had a socialist system, where the Govt owned everything, that's different. The Govt can just regulate the prices and take the loss into consolidated revenue, but that ends up with a dilemma when the taxes have to be so high to cover the loses, there is no point in striving to get ahead because you taxes become too onerous.
Just my thoughts.