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The government CPI statistics show 18.7% price increase between 2010 and 2020. It's certainly possible that your expenses went up 50% in your presumably super-
by anotherman554 6y ago
The government CPI statistics show 18.7% price increase between 2010 and 2020.
It's certainly possible that your expenses went up 50% in your presumably super-affluent area of the U.S. It wouldn't surprise me if booming tech companies in certain regions have caused this- but it is not the effect of monetary policy or government minimum wage policy- and my expenses have not gone up much in the last 10 years in my wealthy-but-not super-affluent east coast suburb.
- ultrarunner 6y agoDo government CPI statistics account for "the grocery shrink ray" wherein prices remain fixed but quantities decrease?
- anotherman554 6y ago"The CPI market basket is developed from detailed expenditure information provided by families and individuals on what they actually bought." https://www.bls.gov/cpi/questions-and-answers.htm#Question_3 https://www.bls.gov/cpi/questions-and-answers.htm#Question_3 So if families are buying in lower quantities then yes it would be accounted for.
- mjevans 6y agoMy items of observation are mostly based on what I do when I eat out (actually notice the price of a meal) and also for 'snacks' and 'beverages'.