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The Parts Are Greater Than the Whole: The Lie of Overall Inflation

My Budget 360  ( Original )
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?

  • Housing is up over 60+ percent from 2000
  • Medical care is up over 80 percent
  • College tuition is up nearly 160 percent 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