I'd argue that the reported inflation rate (usually measured by the CPI) doesn't reflect the real cost of living. In the last ten years, rents in my city have d

I'd argue that the reported inflation rate (usually measured by the CPI) doesn't reflect the real cost of living. In the last ten years, rents in my city have doubled. In just the last five years, my average grocery bill has doubled. In just the last year, the average price of a used car has risen over 8%.[1] Meanwhile, the CPI has held remarkably steady at about 2% for 40 years. According to the CPI, the cost of living has only increased by 20% over the last ten years, which is just not believable. 1: https://www.cargurus.com/Cars/price-trends/ https://www.cargurus.com/Cars/price-trends/