As per our earlier discussion: We know health care costs have skyrocketed, that education costs are through the roof, and that Housing doubled over 7 years and has since fallen modestly from those levels (about 15-20%).
Then there are the commodities: Let’s look at a few data points, to see who is less in touch with reality: The gloomy populace, or its Economists:
Source: Philidelphia Fed
On an unrelated note, the latest version of Excel for Mac is stripping the dates from the second chart — I fixed it, but I have no idea how — any suggestions ?
Here is the Philly Fed file Download inflation.xlsx: