Most of the new riches go to people who already have more than they need so they save it. Therefore you get asset inflation and to a lesser degree price increas

Most of the new riches go to people who already have more than they need so they save it. Therefore you get asset inflation and to a lesser degree price increases in consumer goods. US Consumer Price Index is also showing less inflation than most people would experience themselves. http://www.shadowstats.com/alternate_data/inflation-charts http://www.shadowstats.com/alternate_data/inflation-charts show the both the new and the old CPI inflation numbers. If price of beef increase a lot and people instead eat chicken the beef counts for less in the CPI. There is also a modifier if the the product have improved, ie the TV is a lot better than the earlier one.