All that is happening is that the CPI gets "refined" each year to discover "greater value" in products that are rising in price.
How this applies to Hershey bar I'm at a loss to explain. But it works for iPhones, internet connections, automobiles and such.
And, if you actually go to restaurants or grocery stores you know the zero inflation story is total crap.
Your personal inflation is not reported in the manupulated govt numbers. If you are a stock purchaser, prices have risen dramatically.
Faith and belief are wonderful things.
They show a path for our lives and we work in the market place so we can feed our families and live our lives in the path our faith and beliefs point. We can't let our money rule our faith and we should never let our beliefs completely rule our market decisions.
How about we list item prices over time, add up a basket of purchases to get a handle on general prices etc, Yeah, everyone here just wants 'belief' and 'faith' but here goes food:
Year | Flour (5 lbs) |
Bread (lb) |
Round steak (lb) |
Bacon (lb) |
Butter (lb) |
Eggs (doz.) |
Milk (1/2 gal.) |
Oranges (doz.) |
Potatoes (10 lbs) |
Coffee (lb) |
Sugar (5 lbs) |
---|---|---|---|---|---|---|---|---|---|---|---|
2015 | $2.63 | $1.44 | $6.18 | $5.47 | n.a. | $2.09 | $3.50¹ | $1.19² | $6.46 | $4.91 | $3.30 |
2011 | $2.75 | $1.48 | $4.69 | $4.82 | $3.67 | $1.95 | $1.86 | $6.00 | $7.35 | $5.65 | $3.51 |
Anyone else want to do energy, wages, iphones, etc. etc.?