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Is high school grade inflation part of the reason why college admissions seems more competitive?

Is high school grade inflation part of the reason why college admissions seems more competitive? I.e. for any given college, the high school GPAs presented by applicants are higher than they were in the past. For the most selective colleges, that means that there are more applicants whose GPAs are pressed up against the maximum (3.9-4.0 unweighted high school GPAs in the most rigorous courses) and therefore must be distinguished by other aspects (e.g. test scores and subjectively graded items like essays, recommendations, and/or extracurricular activities).

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