2% inflation a year over 17 years (2019-2002) is about a 40% overall increase in prices. Having lived through decades where inflation was 5% or 10%, it has ind

2% inflation a year over 17 years (2019-2002) is about a 40% overall increase in prices. Having lived through decades where inflation was 5% or 10%, it has indeed been very low for the past couple decades.