I can't take seriously a reporter or economist or whatever writing an article declaring that inflation doesn't really exist in our present economic climate.
A person that I know has been retrenched from his position with a huge multinational machinery company. He and his partner have both lost jobs in a inflation environment. Both have complained that food, fuel, mortgage, rent, insurance, council and car registration have all increased. Including general prices for consumer goods, that haven't dropped that much either (even when they had jobs) such as Gym membership, restaurants, clothing or other goods (especially imported) have all increased. About the only deflation aspect going on is tech goods, mainly computers, which has more to do with Moore's Law than price deflation.
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