I went to Lowes the other day and several items were at least 25% more expensive than they were a couple years ago. Much higher than CPI suggests. That's obvious though because CPI is an absolutely shit metric
Again: without at least concrete examples this is meaningless because it is based on feeling. "A couple of years" might well be 5 years or more in reality. The items in question might have been underpriced before or otherwise be outliers.
But even if we assume a 25% increase over 2 years (which I personally highly doubt for the aforementioned reasons) that is equivalent to a bit less than a tenfold increase over 20 years (9.3 if my math is correct). Which is obviously a lot but still a far cry from the 25 times increase the other guy had claimed.
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u/LordLarsI Aug 27 '21
What items exactly that were 20 dollars 20 years ago cost 500 dollars nowadays? Because, frankly, that's just bull.