Once consumers realize that inflation has begun, they will generally consume more  This increase can easily be explained by the phenomenon that consumers hope not to delay purchasing goods that are sure to increase in price  Even though consumers have prediced that prices will continue to rise as well as the wages
But during the long-term inflation period, consumers will eventually delay purchsing them and even daily goods
Because the increase in wages cannot keep up with the increase in prices, the purchasing power of consumers has declined during the long-term inflation period.