While CPI inflation is at 3.7%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 18.9%
2. Car Repair Inflation: 10.2%
3. Transportation Inflation: 9.1%
4. Rent Inflation: 7.4%
5. Homeowner Inflation: 7.1%
6. Food Away From Home Inflation: 6.0%
7. Meat & Poultry Inflation: 4.8%
While headline inflation is down from its highs, many basic necessities are still seeing 5%+ inflation.
It's also worth noting that we do NOT have deflation, we have disinflation.
While the rate of inflation is DOWN, prices are still RISING.
Affordability is still getting worse.
Cardinal-BagHolder : The FED saying inflation is down by ANY definition is full of sh*t and either lying or retarded. I’m going with the ladder.