We have been inflating since the advent of GWB when he announced “devaluation.” The government folks in charge of economic propaganda have been rejiggering the “basket of goods” since probably the inception of that particular measure of inflation to minimize the actuality. I watch the prices I pay for food and especially the prices in the convenience stores. Those prices seem to be more sensitive to immediate inflation. It is up and going upper.
Wrong. See post #43.
Everyone who is under-employed thinks that the prices they pay for their everyday survival are always going up.
That’s psychological, even though it’s human nature to claim “no, that’s my paycheck.”
But the price of milk going up is inconsequential compared to salaries falling, stock prices falling, and home prices falling.