well, GDP used to be dominated by the production of goods, where increased raw materials costs make a major impact and are generally passed on in increased price of the output. A GDP dominated by services would surely show a much diluted inflationary effect from raw materials.

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}

it's all value-added now in the first world, tweaked to commodification. raw materials are getting more expensive, sure but it's the chain reaction on legions of middlemen jacking up their prices, genteely known as passing on costs to the customer, that really amplifies inflation.
new services are being dreamed up everyday to invent new markets, like new diseases being dreamt up to justify peddling more pharma to gulled idiots.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty