We might ask what energy, food, clothing and shelter all have in common. It could be a test question for some course or college entrance exam. And there are a number of answers we could come up with that would readily satisfy the question.
Our answer is simple: all four of these commodities require energy for their production.
As the cost of energy goes up the price of all these basic commodities goes up. Note that as the price of energy goes up the cost of energy goes up; a positive feedback loop. And it follows that the cost of food, clothing and shelter goes up as the price of energy goes up.
The cost of (a commodity) is the prices paid for all inputs needed to produce the commodity. The price of the commodity is what the market will pay. The demand of the market (the buyers) versus the supply of the commodity determines the price. To a point; if the cost to produce the commodity is greater than the price received for it, it will stop be produced. The supply will dwindle. If demand remains the same or increases, prices will increase. But now the the cost of (increased) production also rises so that the incentive to increase production lags the rise in prices. Price spikes before production is increased - if it can be increased at all!
At some point there is a cost of production that cannot be covered by its price.