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by new_realist
1802 days ago
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The demand for those things is fixed. Even TVs—everyone’s already upgraded to 4K. It’s discretionary items, like cars, housing, renovations, luxury appliances, and elite schools, that will experience inflation. Human wants are infinite. |
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Those (cars, housing, renovations, education) are things financed by debt and can continue rising. But I suspect they are conveniently down-weighted from the CPI.
For example, if they let the CPI-entry be monthly car payments instead of cash price, then CPI inflation is flat as long as rates are falling.