Qwiss yup. But all team’s valuations have the same inflation.
At the end of the day, the value that matters is the offer someone else puts on the table. And that can be impacted by their needs and how much you pay players - ie, the more we renew our players, the higher the total cost of ownership becomes for a buying club, which forces lower transfer fees. That’s why timing on selling vs extending people like ESR, Nketiah, Ramsdale, Nelson etc is important.