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Off Topic / Re: US inflation
« on: May 09, 2011, 04:37:09 am »
It depends. In some things prices have certainly escalated. I don't buy dairy often but occasionally buy ice cream, and I've noticed the price goes up a dime or two pretty much once a month. Amazing, really.
And of course the price of gasoline is going up with the price of oil. Here in Vermont, USA it is about $4 per gallon for regular. I don't own a car though, so I don't need to buy it.
On the other hand, consumer electronics are falling in price. I recently went in to upgrade my cell phone, and the one I bought costed about $50, which was $30 less than the one I bought when I started my plan and it is much nicer. So with electronics I seem able to get something better for less, while in food and energy I am getting the same product for more.
So whether inflation matters in a practical sense would depend on what someone is spending most of their money on.
And of course the price of gasoline is going up with the price of oil. Here in Vermont, USA it is about $4 per gallon for regular. I don't own a car though, so I don't need to buy it.
On the other hand, consumer electronics are falling in price. I recently went in to upgrade my cell phone, and the one I bought costed about $50, which was $30 less than the one I bought when I started my plan and it is much nicer. So with electronics I seem able to get something better for less, while in food and energy I am getting the same product for more.
So whether inflation matters in a practical sense would depend on what someone is spending most of their money on.