The economy has been gentrifying since Millennials figured out that the easiest way to make money was to pretty-up everyday items and double the price. Cabs: Add an app. Food: Add a dollop of truffle. Car radios: Satellite subs. Hoodies: Branded! And more....
https://www.nytimes.com/2023/03/04/business/economy/premium-prices-inflation.html
Why Companies Are Pushing Premium Products With Higher Prices

Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.

The New York Times