A 2% nominal increase every year is a decrease every year in real terms. Annual inflation has averaged above 2% every decade since the 30s, often far above 2%[1

A 2% nominal increase every year is a decrease every year in real terms. Annual inflation has averaged above 2% every decade since the 30s, often far above 2%[1]. [1] https://inflationdata.com/Inflation/Inflation_Rate/Long_Term_Inflation.asp https://inflationdata.com/Inflation/Inflation_Rate/Long_Term...