I had a great discussion with my daughters about the increasing cost of everything when talking about the monthly bills. The stark financial reality of price increases become more apparent as you move out, but it is even more of an issue in retirement.
Inflation is just a nuisance when you are working because the solution is easy ... just work longer hours, or get a second job. When your are retired, inflation effects on your income is critical when you are on a fixed income.
Staying ahead of inflation is a losing battle over a life time. As with taxes, inflation has a way of catching up with you. More Here>>