Housing is the largest issue here, and probably needs gov correction.
OTOH, basic goods becoming more expensive means producing them becomes more attractive which leads to lower prices or better wages (because less people will be willing to work shit jobs with crap pay like in the meat industry today).
Housing is rarely the issue on its own, because it is what it is due to related factor. Why live in one particular location? That's the motivator towards housing, and it relates many different things.
e.g in my city, I am positive the rent is high because of issues with transport i.e. poor transport means you need to live closer to work for a reasonable commute.
OTOH, basic goods becoming more expensive means producing them becomes more attractive which leads to lower prices or better wages (because less people will be willing to work shit jobs with crap pay like in the meat industry today).