Quote:
Originally Posted by Tyga11
I don't think it's that sticky. Housing is skewing inflation numbers.
I've posted this before but it doesn't really matter if eggs are $4.29 a dozen or $5.29 in the grand scheme of things.
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Not really - inflation has moved into services. As for housing, as a percentage of CPI, it's fairly minimal.
You haven't lived like the majority of Americans if you think that the price of eggs increasing $1 (more like $3), or milk doubling in price won't have an impact on your spending. Inflation hits those with fixed incomes (young and retiree alike) very hard. When your food costs increase 40% in one year and your insurance costs increase 20%, something's got to give.