>>20118434
>I feel like that doesn't fly as much as it used to though
It surely don't, because the average middle-aged housewife don't listen to (((economists))) claiming inflation is at 2.1%. But every single week she have to go to the mall, and she sees the prices are going up rapidly.
I read some article a while back, where they used the 60's inflation's methods of calculs for the cost of living in the US. Ie something like the 50 most bought items (mostly food) + rents + energy.
With the old methods the current inflation rate is around 6-7%. Which is astronomical. But when you think about it, yeah, that's what happened. Hopefully all the high-tech and manufactured stuff prices went down dramatically the past 30-40 years. Remember the price of retroprojectors in early 2000's? It was around $3K, now it's $70. Or the computers, cellphones, USB-keys...
Holy fuck, do you remember DVD burner when it was a novelty? This shit was worth $2K. Now that's 5 bux, and integrated in every laptop (and no one use them anymore).
This is how the cost of living was temporarly kept down. But we now reached the limit, we are already at the absolute bottom in term of margins for high-tech stuff, it can't go lower, so we feel the difference when the food/electricity goes up, since there is nothing to compensate anymore.