Friday, April 29, 2011

More on inflation

Flowing Data posted this nice graphic on the latest inflation numbers. Obviously, if you have a long commute everyday, then your wallet is getting thinner. Gas prices are arguably the most visible prices in our society. But most people are much less aware of other prices. A few other observations:
  • Now could be a good time to start a plant-based diet, if you need that extra financial incentive. Meet, poultry, fish, and eggs have prices have grown at least twice as much as food and beverage category.
  • It is also better for your pockets to be an alcoholic than a chain smoker (although these are not mutually exclusive and I am not taking future heath care costs into account!). Inflation of tobacco products is around 5%, whereas inflation of alcoholic beverages is about 2%.
  • It is also a great time to buy a computer, with personal computer prices falling by about 8% over the last year. Here is more info on the so called "Great Deflation."
Click on the diagram below to expand. What strikes you here?

 

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