“The merchant will have a window of time in which she expects to sell the amount in her inventory before then expecting to restock. If she gets through her stock faster than this, and still has more inquiries she cannot meet — or if she has the same number of inquiries but gets through her stock quicker because there was less to begin with, then she will decide — she will act — to increase prices to boost her margins, boost her returns, and better clear the market. And there you have it, price inflation. Customers decided, for reasons, to buy more stuff, and the merchant decided, for reasons, to raise prices. Methodological individualism 1, metaphysical abstractions 0.”

https://allenfarrington.medium.com/inflation-in-a-hyperbitcoinized-world-a51500a473e6