Edit: seems the previous line might not apply to the US because insanity.
The real issue is that inflation only accounts hire much more things cost, but not the trend on salaries. If salaries and costs follow the same slope, you’re “even”. The problem is when costs increase at a faster rate than income.
Housing and groceries are part of the inflation…
Edit: seems the previous line might not apply to the US because insanity.
The real issue is that inflation only accounts hire much more things cost, but not the trend on salaries. If salaries and costs follow the same slope, you’re “even”. The problem is when costs increase at a faster rate than income.
Groceries (and energy costs) were excluded from inflation in the 1970s as politicians decided that they were “too volatile”.
My bad, I tried to use a logical definition of inflation in a logical country. They are definitely considered in my country.
If the biggest costs of living are not considered in the metric for cost of living increase, WTF.
I’ll update my comment