The data shows that inflation inclusive of housing, education, and healthcare isn't that much higher than CPI, which is because CPI already includes shelter, which accounts for ~36% of CPI.

You assertion that CPI doesn't include housing is just wrong.

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nixon_why69 an hour ago | parent [-]

I'm not asserting they don't include housing. I'm saying housing is non-optional, so having low inflation on flat screen TVs is cold comfort if you're struggling to pay rent. The basket of goods isn't the same for everyone.

It's been like 5 years now of low consumer sentiment and increasing consumer debt while people who don't feel it are flabbergasted, the top line CPI number is fine, why aren't people happy?

	▲	ch4s3 an hour ago \| parent [-]
		> I'm saying housing is non-optional, so having low inflation on flat screen TVs is cold comfort if you're struggling to pay rent. You're missing the point, rest is included in that top line low inflation number. > the top line CPI number is fine, why aren't people happy? secular stagnation? Cultural malaise? Expectations formed by ZIRP.