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Inflation has been very low since the 1990s. The worry after the 2008 bank crisis was deflation. I suspect our recent blip in inflation which has now largely pa
by laurencerowe 3y ago
Inflation has been very low since the 1990s. The worry after the 2008 bank crisis was deflation. I suspect our recent blip in inflation which has now largely passed is a result of the covid supply shock.
https://tradingeconomics.com/united-states/inflation-cpi https://tradingeconomics.com/united-states/inflation-cpi (click max)
- chung8123 3y agoInflation has been hidden with outsourcing since the 90's. By moving manufacturing overseas the price of a lot of goods decreased while the items that you cannot outsource increased (Services, Healthcare, Education, Housing).
- User23 3y ago> Inflation has been very low since the 1990s. Except for housing, food, healthcare, education, transportation, and energy. But yeah besides the eye watering increases in the prices of the things that make up the overwhelming majority of the typical household’s spending prices have barely increased. In fact you can get a bigger TV for less money!
- nerdponx 3y agoAlso shrinkflation, and reduction in baseline quality of various goods offsetting increased baseline quality in other areas.
- laurencerowe 3y ago> Except for housing, food, healthcare, education, transportation, and energy. CPI includes all of those in the proportion in which they are paid for by consumers (rather than through taxation.) Shelter, 32.8% Food, 13.3% Tuition, other school fees, and childcare, 2.2% Medical care, 6.9% Transport, 6.0% Energy: 7.6% https://finance.yahoo.com/news/foolish-why-inflation-rate-won-160000493.html https://finance.yahoo.com/news/foolish-why-inflation-rate-wo... https://www.bls.gov/cpi/factsheets/college-tuition.htm https://www.bls.gov/cpi/factsheets/college-tuition.htm