Let's start with variable costs. Variable means that these costs go up as you produce more items:
Now we get to fixed costs which aren't proportional to output. They may rise or fall from year to year, but hopefully not by much, and these costs are usually predictable, so you can plan for them.
As with any project, life is full of surprises. These next costs are sure to come to you eventually, you just don't know when...
More Factors That Affect Price:
So, in every business, you have all these factors, working and changing at a micro scale and a macro scale, and you think the minimum wage, of all things, is going to affect inflation? I hope you can see now that it's all more complicated, and trying to control inflation is a bit like controlling the weather. Good luck.