Inflation is defined as "a general increase in prices and fall in the purchasing value of money". So we aren't getting more for our money and seeing inflation rates increasing.That is the problem though, with inflation we are aren't getting more for our money, but less. It's not like we are in a strong economy where a dollar gets you 20% more from a few years ago, and makes high prices justifiable, it's actually the opposite. The current buying power of a dollar is somewhere around .84c, comparing from 2018 when it was worth 1.00.
When the USD is strong, it doesn't make products cost more. When the economy is good, and financing rates are low, it definitely allows people to justify spending more. Manufacturers increasing prices to make more profit due to the consumers spending more is a different story.
The Mach 1 is basically the replacement for the GT350. A 2018 GT350 was like $59k new, correct? Inflation means that the $59K then would cost $68k today. So I am sure where Ford gets that number for the Mach 1. But I agree that a $68K, a 2022 GT350 would be a better value than a 2022 Mach 1. But they don't offer it.