There's lots of data out there, for example: https://prices.marketreportblog.com
For example in the EU, while good insulation has always been a given in the Nordics for obvious reasons (although modern buildings are even better!), it's only relatively recently that these topics have started to be taken more seriously in the south. Energy costs were generally affordable, and there wasn't as much focus on the environmental side of things (i.e. using energy more efficiently to reduce pollution or switching to cleaner energy sources).
Just trying to shed a positive light on all of this, even if things are gonna suck for a while.
And CPI is "Consumer Price Index", aka inflation measurement.
For anyone unfamiliar with the title. (Like me)
But I am afraid this is what they will do to screw the democrats after they take the house and the senate and then blame the market crash all on them.
The ideal way inflation should come down is increased capacity and/or lower government spending
Not al all in this case. This is all caused by lower physical supply of oil, gas, diesel and fertilizer from the Iran War. Tightening the money supply will not fix this.
All I see lately is that for example macro numbers adjusted by inflation seem to tell a story of increased purchase power, but reality seems a bit.. different? dunno.
Generally, it's fine if it's the little guy who pays the price. So true in so many areas.
Convenient how it doesn't also include housing cost increases, as if that's not part of day-to-day living, like we're all snails carrying our house on our back we got for free since birth, when housing costs are possibly the highest burden on most young workers now.
Edit: I am wrong
(Emphasis mine)
> Convenient how it never tracks housing cost increases
I think that is included in shelter. I might be wrong.
Home prices themselves aren't really used, because they're based off of interest rates, land values, and many other attributes that don't really apply to CPI. Rental costs for all of their faults, are a better measurement of month-to-month or year-to-year inflation.
So you're right. They don't really include "house" prices. But they absolutely include "housing" prices.
My experience with people complaining about CPI is usually simply that the numbers don't match their feeling.
Looking at the description [1] is really interesting:
> The shelter component of the CPI includes two major items: rent of primary residence and owners' equivalent rent (OER). Rent of primary residence, or simply rent, refers to the cost of renting a place on the market. [...] OER refers to the amount of rent that a homeowner would be paid if they were renting out their own home in the market. [...] is calculated by splitting the non-recurring cost of buying a home real estate into rental payments
I got a bit tired reading [2] for more details, as it isn't even my countries CPI...
> The expenditure weight in the CPI market basket for OER is based on the following question that the CE Survey asks of consumers who own their primary residence: “If someone were to rent your home today, how much do you think it would rent for monthly, unfurnished and without utilities?”
Left me a bit unsatisfied, but I'll keep it at that. The followup question would be how much rent prices deviate from housing prices. I am sure that has a lot of data though.
[1] https://en.macromicro.me/charts/24/cpi-house
[2] https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an...
It does, but only urban renting. It doesn’t measure increases in housing costs for suburbs directly. In particular it does not track increases in home values or mortgage payments for new buyers based on current rates.
Restaurant prices are absolutely out of control. My local Chickfila is no longer wrapping cars around the parking lot. They might still be putting up good numbers via expansion but there is no way the per-store economics are trending well.
I remember when it was arguably cheaper (especially once you factor in your time) to go buy off the Taco Bell value menu. You could get a bag of burritos filled to the top for like $12. This will hardly purchase a single menu item today.
It feels like we are in some kind of fast food death spiral right now.
A cheesy bean and rice burrito (404 calories) is $1.49.
Not only are there no single items anywhere close to $12, there are seven combos (that include a drink) for under $12, and the most expensive ones are $13-14 (excluding group combos).
My typical order costs $8.48 with tax and includes two crunchy tacos, a beefy 5-layer burrito, cinnamon twists, and a medium drink.