These items are a small sample of prices. For instance, the past 20 years I have been producing construction cost estimates and every new construction season we will add 10% to every item pertaining to a construction project. This has a huge affect on construction projects and jobs. As you can see asphalt or concrete curb is not listed in the CPI.
When I see articles about Caterpillar not selling big equipment the first reaction from economists is deflation, when in fact it is a symptom of inflation. The higher construction costs the fewer the projects. Econ 101.
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Prices Are Skyrocketing, But Only For Things You Actually Need
These items are a small sample of prices. For instance, the past 20 years I have been producing construction cost estimates and every new construction season we will add 10% to every item pertaining to a construction project. This has a huge affect on construction projects and jobs. As you can see asphalt or concrete curb is not listed in the CPI.
When I see articles about Caterpillar not selling big equipment the first reaction from economists is deflation, when in fact it is a symptom of inflation. The higher construction costs the fewer the projects. Econ 101.