09-13-2012, 08:25 PM
(09-13-2012, 04:58 PM)kandrathe Wrote: The bottom line is that when you and I go to the store, the store is selling today's merchandise which is a percentage higher in price than it was last year. The government says that number is about 3% (the inflation rate) -- but in our experience we find it's more like 10% -- why?
Because we are bad at math? I mean it's not even fair to consider the tech sector where prices flat out do not increase. But at 10% inflation we should be paying $1000 for a week's worth of groceries by now. $10 for a gallon of gas. $1,000,000 for a decent house in the burbs. $30 for a Happy Meal?
Honestly if my cost of living had increased by 10 percent per year since I left home for college, I would be typing this from the homeless shelter. 3% is pretty close to the mark for most things I'd say.