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by paulddraper 2384 days ago
???

You can read the weights here: https://www.bls.gov/news.release/pdf/cpi.pdf .

* Rent of shelter 33.1%

* Medical care services 7.1%

* Medical care commodities 1.7%

* Tuition, other school fees, and childcare 2.9%

* Educational books and supplies 0.1%

Rent is the biggest item in the entire report. The healthcare number seems about right. And remember that education is averaged over an entire lifetime.

It's objectively true that people are choosing to spend more on better/faster phones. That doesn't necessarily mean inflation; it means that phones have become more useful and capable and therefore worth a larger relative expense to people. If people started buying $100k self-driving cars, you can't claim that inflation did that.