Is hardware having a general price increase?

I'm losing my mind here. Was planning on building a 7900xt + 7800x3d setup. I've been eyeing these two components for months. The 7900XT has always been at a fixed 700€, while the 7800x3d is currently at 560€, with it usually being at around 450-480€ a few months back.

It's not just the CPU. My shopping cart keeps increasing and decreasing by several hundreds every week. I wanted to pick out a 9800x3d when they dropped, while they were going for 540€. Now the cheapest one I can find is 700€.

I live in Spain, so I'm just asking, has anyone else noticed price increases in hardware across Europe, or is it only due to Black Friday / Holidays, etc? Should I panic buy or wait for the prices to return to normal?