- After a long period of getting cheaper in real terms, nails have started to get more expensive (you get less nail for your money in 2022 than you did in 1992).
- The main driver of this cost increase is more expensive labor and services, essentially human time is becoming more expensive to purchase.
- This rise is cost is unlikely to be felt by the average consumer because we have both on an individual level and as a nation have gotten wealthier so that increased cost is coming out of a larger pool of money.
Is that a fair summary of the current state of things?