SvennoJ said: In my anectdotal example it would be closer to 5% anual inflation from 1990 to 2014. So I would get closer to a $500 console from $200 in 1996. Looks right on the money actually! |
Your meat prices have gone up five-fold? I pay $3/lb for 90/10 hamburger (everyday price). I know for a fact 90/10 hamburger wasn't $.60/lb in 1990. I'd also say pretty consistently that prices listed in the indexes used arent even close to what I pay...ever...for anything. Sure, if I went to my local store and bought a single pound of hamburger without a sale, I'd probably pay the $4.50 that people claim hamburger costs. I just go buy 5 lb packs at Sams Club for $15.
I'd even go as far as to argue I could probably consistently eat food (and be healthy) and have a grocery bill that wasn't even close to double (that would indicate 3% inflation) what it would have been in 1990. Pretty much any fruit for lunch would be about 0% inflation since 1990. I actually pay less or the same for milk now than what it cost in 1990. Eggs run about the same as they were in 1990. A lot of vegetables (for supper side) have had just about 0% inflation since 1990. Even if my meat for supper has went up three fold, the overall bill for the day would not be even double.
Money can't buy happiness. Just video games, which make me happy.