“In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).”
I now pay about twice as much for a steak than I did four years ago. I guess it won’t be inflation unless it cost four times more.
The only goods I know going down are petroleum products, and that is an anomaly that exists outside of the inflation.
Does anybody have a current rate for REAL inflation in the US?
“Does anybody have a current rate for REAL inflation in the US?”
http://www.shadowstats.com/alternate_data/inflation-charts
What is this "steak" thing you speak of?
Housing prices haven’t risen too much, but that is because they were already very inflated during the days of the real estate bubble.
I’m guessing if you looked at categories were prices seem stable, it wouldn’t be hard to find a reason. Either those prices were already inflated from some other cause or they are being kept artificially low through some sort of subsidy.
“Does anybody have a current rate for REAL inflation in the US?”
Depressing, but true, Shadow Government Statistics:
http://www.shadowstats.com/alternate_data/inflation-charts