All resources are constrained. Food production requires land which is constrained. No one dies from hunger this days. People receiving UBI will just start buying organic food which is going to increase its price. Rent prices will soar as well because of constrained supply. So do salaries. So do other goods. And boom - there goes inflation.

I can't argue for oil, but for food, unless everyone agrees to eat only processed food or cook by themselves, it's still going to see some inflation.

Why? What mechanism would drive that? In the West we already have more food available than we can reasonably eat. Margins in agriculture are wafer thin driven down by competition.

Compare that to property where there is a limited supply and people are constrained in what they can buy by their salary and ability to get a mortgage.

> eat only processed food or cook by themselves,

Surely that is what the vast majority of people already do?