Housing costs in big cities keep increasing at very high rates though. Clearly this affects everyone. Food and services (ie: electricity, internet) are also rising in price much faster than the claimed 2-3% a year. Many people (myself included) believe that official inflation rate calculations are fudged (the metrics keep changing). It's in the government's interest to pretend that inflation is low.
To quote this Forbes article[1] : "the way that inflation is measured over the decades has changed numerous times. If it was still measured the same way as it was in 1990, it would be closer to 6%. Which seems a lot more accurate. If inflation was calculated as it was in 1980, it would be closer to 10%."
To quote this Forbes article[1] : "the way that inflation is measured over the decades has changed numerous times. If it was still measured the same way as it was in 1990, it would be closer to 6%. Which seems a lot more accurate. If inflation was calculated as it was in 1980, it would be closer to 10%."
[1] https://forbeswealthblog.ca/2018/06/are-the-posted-inflation...