[oldjavacoder]

"My point isn't that inflation doesn't exist."

My wife tells me different, so I'm going with her real world experience in the matter.

[chomp]

If you or your wife look at the past and current price of lettuce in the local store and then use that to make the conclusion that the purchasing power of the US Dollar has decreased 47%, then I don't know what to tell you.

Your cost of living may have increased, but I do not understand how you can conclude an increase in inflation from living your daily life.

[leereeves]

I know that my total grocery bill (not just lettuce) has more than doubled in the past few years. Gas too.

"The purchasing power of the US Dollar has decreased 47%" sounds about right.

[imtringued]

A company selling a product I frequently buy went out of business, the purchasing power of the USD has decreased by 100%.

[leereeves]

In terms of that product, it has.

And if that product was as essential to life for as many people as food and gas are, that might be important.

[throwaway6734]

No it doesn't

[tchalla]

You can always calculate your personal rate of inflation

https://www.destatis.de/EN/Themes/Economy/Prices/Consumer-Pr...