[botterworkshop]

Seems to me certain goods, such as food and living costs have been inflating rather rapidly, but others such as technology and services have not. I have also seen certain geographic markets more affected by this than others. Mind sharing your reasoning behind a flat no?

[gumby]

Because the numbers don't tell that story. There are plenty of numbers online you can look at from the commerce dept bureau of statistics, and if you don' trust them there are various third parties with axes to grind (on both sides) who can give you other numbers. Having lived through high inflation (though thankfully never hyperinflation, which is insane) I can tell you it's really no fun and very obvious.

Clearly there is geographical variation! But low inflation is considered a trap by many mainstream economists (I disagree but appreciate their reasoning).

Just look at the number of hours of typical labor required to buy many goods (TVs, meals, etc) and compare it to your parents' time and you can see the low inflation in action.