I’m going to disagree with the crowd so far, respectfully, and say yes it does happen and is hapening now.

Defining inflation loosely as more dollars chasing fewer goods…

When the wealthy become filthy stinking rich, they start taking that capital and malallocating it economically. If food is expensive, building sufficient greenhouses can return food prices to something bearable. The super-stinking filthy rich prefer to deploy capital on super-yacht-makers, private jets, space programs or similar world dominating power grabs. They have no interest in reducing hunger or helping lower prices for food. You can starve to death for all they care.

Equally, the more moderatly rich would rather buy up all the rental housing and jack up rents squeezing everyone, rather than building homes anyone can afford to live in. When homes are proced as a financial instrument and not a residence, normal people are pusjed out of the market completely and we are left with a tight supply a captured market and crushing inflationary housing costs. The people crushed by rent can never get into the market, and the people in the market never want prices down ever again.