I took a walk through that grocery wonderland today. A lot of prices that had stayed stable are inching up.
Deflation doesn't seem to have much impact on those day-to-day expenses. It's things of lasting value that are declining in price. That's the way it seems, anyway.
Real inflation is still running over 10% a year. This article is silly.
The reason we have not yet seen massive inflation is because the dollar is still the major trading currency - and because all of the governments around the world are printing money. It is a race to the bottom. There are few / no choices in safe currencies to flee to. So when it does blow up - it is going to be the worst economic meltdown in human history.
I’m anticipating a 40 year economic reboot.