So whats the real story with this? Government, academics and media are constantly preaching that we have the lowest inflation in decades, but ask any average American and they will tell you prices are going up.
I see a lot of prices rising and fast. For me, it's mainly food and clothing that I see increases in. Other have mentioned rent, healthcare.
Sounds very shady to me.
Utilities up. Insurance way up. Gas up. Price of beef had been going up until mad cow. Housing has gone higher for most. (I own.) My personal inflation level is way above their levels. Maybe they are using too many widgets in their figures...