Hacker News Reader

You are being downvoted but this is also my experience. My grocery bill is up more than 15% like for like (I shop exclusively online so it's easy to track) and more than that in total because of volume increases. My utility rates are up >10%. Housing costs are way up where I live. I would guess my overall baseline cost of living is up at least 10% when you remove the impact from lower commuting and eating out costs.

View on HN

Watch out for downsizing of the containers too

Precisely. There is manipulation across the board. Some of the packaging is getting really ridiculous. The argument that higher inflation would indicate that the economy has been contracting could be phrased differently: What if the "great slowdown" as per Peter Thiel is one in value, lack in progress, cheaper quality products, shaving off everywhere to retain a facade, pushing out real world goals and targets to future decades etc. This does not mean there won't be any progress or some obvious deflation (electronics, biotech). It's still an important discussion to be had (the effect of found monetary standards on the economy/technological progress. http://wtf1971.com/ and The Bitcoin Standard obviously have a different perspective on these reported inflation numbers.

Reply on news.ycombinator.com