It's a bit of an unsettling time, isn't it? I'm a bit of a doomer around climate change/peak oil, etc, anyway, so my long term view is that things aren't really going to improve, although there may still be some short boom-y cycles.
We're far from FI, so it's kind of a weird time to navigate. We are granola-hippie-buy-local types, so we are seeing some of the benefits of that lifestyle lately. We produce a ton of our own food, barter for others, buy in bulk (year or two supply at a time) at wholesale prices for some staples, are open to hunting/crabbing, etc. We do still buy some food, and have definitely seen the sharp rice in prices. But we are grateful to feel very buffered from those increases thanks to our substantial pantry stores, and worry about others who are not so fortunate. Other goods we try to buy Canada-made anyway, which are less effected by currency swings, and also try to reduce our need for manufactured stuff generally. Of course, you're right, there's no way to do this completely, but doing so means that those few things that we need periodically (car parts come to mind!) that have dramatically risen in cost are still affordable within our budget. This is also when buying used is a winning strategy!
We're hoping our goal of selling our home in the spring and merging households with my mom will be exactly well-timed before any real-estate bubble-risk pops. If things work out, the plan will cut my commute and eliminate our mortgage, allowing DH to do more flexible work and decrease hours significantly.
We really haven't pursued FI in the usual stash-building way that most on here are, but have been focused on building resilience. The plan is to enjoy a simple life, have me work at my enjoyable, flexible job for many years to come, reaping a secure pension (fingers crossed), and saving as we can, while building a significant community network of mutual interdependence and support. We hope this will allow us to thrive no matter what is going on in the wider economy. At the moment, we're seeing that strategy really pay off.