Focus
Full time employment: Posting here.
- Joined
- Oct 10, 2009
- Messages
- 640
I know "personal rate of inflation" versus the CPI has been discussed here before, but this is the best summation I've seen:
What Is Your Personal Rate of Inflation? by Darrow Kirkpatrick (caniretireyet.com)
I agree with his conclusion:
I suspect the personal rate of inflation is lower for those of us in this forum prone to frugality (that is, 99.9%).
What Is Your Personal Rate of Inflation? by Darrow Kirkpatrick (caniretireyet.com)
I agree with his conclusion:
In the end, watching and optimizing your lifestyle will pay greater dividends than the general wisdom about inflation allows. Clearly prices increase in some areas that we can't control. (Health care comes to mind.) But in many other areas, inflation can be muted over even several-decade time spans, because technology plus our own behavior give us wide latitude to control it effectively.
I suspect the personal rate of inflation is lower for those of us in this forum prone to frugality (that is, 99.9%).