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I have lots of data on home services, and can say with confidence they average a 20-40% increase since 2019 (they were pretty stable the prior 10 years). Housin

I have lots of data on home services, and can say with confidence they average a 20-40% increase since 2019 (they were pretty stable the prior 10 years). Housing is 20-50% more expensive since the same period. Labor costs have increased a ton. It's very hard to price as a business owner right now. I agree it's an odd year, but it's fairly clear that the Jan 2020 to Jan 2023 inflation will be materially higher in the US than any other 3 year period since the 70s. I think most likely it will land about 40% increase over that period.

arberx 5y ago
40% over a period of 3 years would be a annualized rate of ~13%. That would indeed be unprecedented, and highly highly unlikely. Remember housing isn't the only factor in CPI calculations. We're currently seeing ~6% annualized this year. Target goal of ~2-3%.
lotsofpulp 5y ago
> they were pretty stable the prior 10 years Prices in popular or economically booming areas were increasing for many years before the pandemic, at a greater rate than whatever national government statistics were claiming.