I'm not asking if inflation currently exists - it definitely does - but I'm more curious to know if it actually is a big deal? Is it just a transitory thing or are there actual warning signs for larger issues?
Someone who is good at economics please explain
IIRC they've been redefining inflation for years to look at fewer and fewer/different things in order to keep the number artificially low. It isn't at all representative of cost of living.
Is this like how inflation would be a billion % if we included housing and secondary education costs?
The CPI (Consumer Price Index) weighs housing, food, gas, cars, education, and medical care the same as iPhones, TVs, computers, rubber ducks, and Dude Wipes.
So a massive increase in price of necessities can be neutralized by an equally massive decrease in price of toys.
Are you implying that Dude Wipes are not a necessity???