Quote:
Originally Posted by GGG
That’s not true. TVs and most technology products are deflationary. Cars have been deflationary as well as outsourcing has occurred.
In real dollars energy prices dropped until very recently. Though that is more increasing at a rate below inflation.
I think my washing machine and fridge were both cheaper than the ones my parents bought in the early 90s
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In aggregate deflation is very rare. The product deflation above had been roughly offset by significant inflation in services (Healthcare spending, restaurant prices, post secondary tuition).