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dotancohen 3 days ago

Global trade has made shippable commodities cheaper, so purely local expenses such as housing, healthcare, and education are relatively more expensive. Especially as inflation measurements include items from both categories.

This is why many places in the world no longer produce enough food to feed their populations - refrigeration and cheap oil enable food to no longer be a local commodity. Education is sometimes headed in the same direction. But housing cannot be sourced anywhere but locally.