“Inflation is at a 40 year low.”
It depends on what you purchase. Food and energy have been take out of the CPI. Personally I’m not buying consumer electronics or housing every week, things that are declining in price. My house is paid for so my disposable income goes primarily to food, energy, services (health care, haircuts, plumbers), and taxes all of which are increasing in cost much faster than the CPI. I find it hard to believe I can look forward to 1.7% increases in food, energy, property taxes, income taxes, and health care costs for the next decade.
” It depends on what you purchase. Food and energy have been take out of the CPI”
Yeah....that is like removing the heart from the patient : )