How Is Everything Outpacing Inflation At The Same Time?

Take your personal data back with Incogni! Use code HOWMONEYWORKS at the link below and get 60% off an annual plan: http://incogni.com/howmoneyworks ----- Micro Video: https://youtu.be/2JoWfQKQAzc?si=SwZxXFN39tvsJvW7 Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://www.howmoneyworkslibrary.com/ Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig ----- My Other Channel: @HowBusinessWorked @HowMoneyWorksUncut Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #inflation #oil #money ------ How is it possible that the price of everything is outpacing inflation at the same time? We are taught in Economics 101 that we measure inflation by gathering up a basket of goods and services, labelling that the consumer price index and then tracking the weighted cost of that basket over time. In most months some things will get more expensive, others will get a little bit cheaper but over time we expect that (on average) the basket as a whole will slowly get more expensive… and by the numbers that is exactly what has been happening. According to the Bureau of Labor statistics, since around mid 2023, that measured inflation rate has been around 3% annually, slowly trending downwards to about two and a half percent today… but uhh… it doesn’t really feel like that does it? If you think about everything you purchase in a given week you would probably be hard pressed to identify something that is “only” 10% more expensive than it was three years ago… and no Arizona ice tea doesn’t count… The point is, if this basket of goods is supposed to track average prices, what is there left to bring that average down? Now you might be thinking about something like this chart here, we looked at…