No way. I have to call BS on this one.
Saying that inflation is negative with oil, utilities, and construction materials taken into account is not only incorrect, it is equivalent to saying that your girlfriend is in great physical shape … except for those extra 40 pounds.
Virtually every commodity in the world is more expensive now than in 2001: corn, meat, metals, …
Wages are up significantly since 2001, affecting the cost of services which are a huge part of our economy.