Exactly. The big lie is that there is no inflation. Blue jeans. I have worn the same pair for years that were between $15 and $20. Now $40. Cowboy boots. The same pair that was $100 ten years ago is now $200. That is a rate of inflation of 7% annually.
“Exactly. The big lie is that there is no inflation. Blue jeans. I have worn the same pair for years that were between $15 and $20. Now $40. Cowboy boots. The same pair that was $100 ten years ago is now $200. That is a rate of inflation of 7% annually.”
I hate to admit it but I get good quality jeans from Walmart for under $10.
As far as inflation it seems that as soon as prices for certain commodities (eg. fuel) start rising they remove them from the list of items used to calculate the inflation rate.