I give my wife €1 million every Christmas.

She gives me the exact same gift.

We’re thinking we need to increase it because of inflation.

Disagree hard. I’ve been given so many garbage gifts that I immediately threw away or donated. I tell my family members to just do cash or gift cards for me. I’d rather get exactly what I need than some junk I’ll never use.

Perhaps, but it can show you care that the person get what they actually want instead of another item for the landfill or something they feel obligated to keep around for when you visit.

But this isn't christmas ... ?