So, here's for the economists among you. You exciting and excitable lot. The news today is that once again we are being told there is no inflation. Let's review:
- Gas prices have more than doubled in the past three years. Seriously, gas in CA sold for close to $1/gallon in 2002. It's now above $2.50. It's $3.09 for premium near my house.
- College tuition has increased almost 10% per year for the past several years (various sources).
- Housing prices are going up by 20% per year.
- Health insurance premiums go up by 10-20% year or more.
It seems that food (subsidized), and clothes and electronics (imported and cheap) appear to be the basis for the claim that there is no inflation.
I believe we are living in highly inflationary times except for small consumer goods, and there needs to be more said about this. Put another way, my salary buys a lot less now than it would have 5 years ago. Anybody else see the same thing?