It is doubtful whether pension contributions could really rise this much, particularly at a time when the increasing mobility of both labour and capital is reducing national governments' room for manoeuvre in taxation. The effort to achieve a more sustainable base for our pension systems has in recent years been a key plank of economic policy throughout the developed world.
By the way, if you look at the short history of the Philippine inflation-targeting central bank, the longest number of consecutive months where we missed our [inflation] target  1/3  BIS - Central bankers' speeches  on the high side is 15 months. So, what it really means is that supply shocks do not become self-perpetuating inflation.