The cost of living is the price we pay for all those things we need each day and when calculated over a period of time works out to a figure that’s likely to climb. And if our wants go far beyond our needs we have to get paid well then for our deeds. But if what we earn can’t match that pace we’ll have to slow down and not lose face. Or perhaps consider some additional means to support what we take on as our routines.
When our lifestyle doesn’t make a hole in our pocket and the cost of living where we are doesn’t skyrocket then the rate of inflation there is said to be low so we can afford to buy those things we know.