When I was young [from summer vacation in Europe] I noticed something.
When a country has a lot of resources, such as farmland, food and other things are less expensive even though they cost more in numbers.
In Bulgaria, in the 90's anyway, a loaf of bread was 1 lev, while in the US it was somewhere around 1.50, but the average paycheck in Bulgaria was 10 thousand levs, while in the US it was 50 thousand dollars. I spoke to someone here when I was in high school, and explained it. That you spend more, but you have a much higher paycheck, so you can buy more things. He asked my name... "Dimitar Rouynekov."
I think, with inflation, this has shown even more. Prices in Europe are like here, paychecks are around the same as they were before.
Edit: By Paycheck I mean yearly income, my apologies for how ridiculous it sounded.
Edit number 2: Typo