I heard the situation since roughly the year 2000 described once as "in-deflation": inflation in everything you need (housing, health care, tuition, food, etc.) and deflation in the wages paid for labor and the cost of manufactured goods (due to deflationary pressure on labor).
I think in-deflation is the early 21st century's analogue to "stagflation" in the 1970s.
This results in an economy where for example state of the art manufactured goods cost the same or even less than a large grocery store run. The primary cost in a TV, washing machine, air conditioner, or tech gadget is labor, and labor is subject to intense deflationary forces. Food on the other hand is tied to the costs of things like land and energy that have kept up with inflation.
It's the result of inflationary monetary policy combined with aggressive labor outsourcing, labor-unfriendly trade policies, union busting, and automation. These latter forces place tremendous downward pressure on wages. Inflation is therefore highly concentrated in things that are not subject to these forces: assets, resources, and things that are really hard to automate or outsource.
Housing has inflated to the most insane degree because it's an asset (and thus soaks up surplus dollars), takes a lot of resource inputs, and its manufacture is effectively impossible to outsource. Triple whammy.