Food and energy (gas included) does not figure in inflation.
Sorry that is just the fact, I didnt exclude it, the government does.
No_such_reality – ~2% Maybe I’d say mostly under 2% but you in SD probably have 2%.
If inflation is 6-7% interest rates on long term loans will be 10-12% and interests paid on savings accounts will be 3-5%.
Eating out and rent and whatever in your area might have the classic wealth effect inflation. It bears very little resemblence to reality much like the housing prices in your area.
National level inflation does not count food and energy and it may have been 2% across the last 6 years. I anticipate much of that to get wiped out when the crash fully mobilises, cos it will create a lack of wealth effect deflation which it already has.
Cool.
Cow_tipping.
