Personal Inflation

[RunningBum]

If I heard the story on NPR today correctly, they said that the traditional Thanksgiving dinner was 11% higher than last year.

 

[kcowan]

But I think that is an aberration and since then we have indeed seen the cost of basic foods go way up. As the pendulum swings (oil prices up, water prices up, labor costs up) consumers will be having to bear a higher percentage of the cost of production. I think it is prudent to plan for at least a reasonable level of inflation.

lhamo

Plus the Walmart effect is a one-time reduction that is now in our past. Are there any other breakthroughs on the horizon/ I see that TVs have increased significantly in price points in the last 5 years (OTOH used CRT TVs are available for a song on craigslist).