My Budget 360
FEB 1, 2018
Here’s a snapshot of that broadest-of-the-broad statistic, overall inflation rate, from 2000 to 2018:
We’ve seen nominal inflation of 43% since 2000. That doesn’t sound so bad, does it? After all, it’s just an average of 2% annually.
But what does that number really mean? How does it really apply to your life? Do you have a dependent in college this year, in a market where tuition has risen 160% since 2000? Is *your* inflation rate really 43% since 2000?
Remember this the next time you hear someone making sweeping conclusions about the economy’s overall health, often being made on the basis of a supposedly benign and under-control overall inflation rate.
ORIGINAL SOURCE: You have been lied to about inflation and here is the proof: Take a look at where we have gone since 2000 to today. at My Budget 360 on 1/30/18