Quote from: Torque on November 15, 2017, 11:59:09 PM

Quote from: chesthing on November 15, 2017, 10:31:18 PM

Well in that case, 6-8% is complete bullshit. Gas is very cheap compared to the last decade, groceries aside from beef show very little price change, things like car parts, clothes, utility bills, home improvement supplies, tools, etc etc etc do not show any significant inflation. What has gone through the roof is real estate in many parts of the US, and of course stocks are way up.
I see no signs of the kind of inflation in everyday purchaes that people are talking about in this thread. It may happen, but it's not happening as far as I can tell.Most likely it is just hype to get the btc price to keep rising, but it has no basis in fact.

chesthing, I'm gonna have to flat out disagree with you on that. Do you even pay bills, bro?

My electric bill has doubled since 2009
My health insurance monthly premium has doubled since 2007
My haircuts have doubled since 2007
My grocery bill is up about 40% per shop since 2009
My oil changes have doubled since 2007
My water bill is up about 50% since 2009
New cars cost 30-40% more than they did in 2007
Most fast food is up about 25-30% since 2009
A sit down fine dining experience is up about 50% since 2009 (just look at the cost of a single cocktail now!)

Things that don't affect me, but I've heard that:
Rent is up about 20% over the last 4-5 years in major metro areas.
Real estate is back up to pre-2008 crash levels, and climbing higher still.
Cost of an average college degree up about 30-40% since 2007.

You're right though in that gas has gone down, and shit from China (ie., clothes, tools, home supplies, etc.) hasn't gone up all that much. But everything else has!

And the MAJOR thing that hasn't budged in a decade across the board is.... WAGES.

Excellent observation! I agree.

Take a look at this article: https://dailyreckoning.com/revealing-real-rate-inflation-crash-system/

Govt took out health care, energy and some types of foods from CPI-U method of calculation and also made this method unclear.