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> Inflation is already almost zero in much of the West. Not sure about the USA, but real inflation is closer to 7-8 percent in Europe, wage growth falling behin
by friendly_chap 7y ago
> Inflation is already almost zero in much of the West.
Not sure about the USA, but real inflation is closer to 7-8 percent in Europe, wage growth falling behind.
"Unbiased private-sector efforts to calculate the real rate of inflation have yielded a rate of around 7% to 13% per year, depending on the locale — many multiples of the official rate of around 1% per year" https://www.businessinsider.com/if-people-knew-the-actual-inflation-rate-it-would-crash-the-economy-2016-8 https://www.businessinsider.com/if-people-knew-the-actual-in...
In my country (Hungary) grocery prices rose an average 38% from last year for example.
- raxxorrax 7y agoHousing prices in my region are up 33% in 10 years. But I can buy a µC with internal memory, ad converters and countless I/O ports and interfaces for the price of a coke. The coke is actually significantly more expensive. I like µC, but housing is really great too.
- friendly_chap 7y agoWhat you are referring to is called biflation. Unfortunately in the current economic climate things that actually have impact on quality of life (housing, food, etc) are becoming more expensive while electronics and other things more on the cheap entertainment side are getting cheaper.