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>> Somewhere in the article, it talks about inflation being 2%. Yeah - because they leave out food and gas. I don't believe it.

arrete - there are already effects of inflation, but the elites don't see them.

Of course they don't see it -- most of the their income is either saved or spent on luxury items and some labor-intensive services where prices are flat or maybe even falling in this "biflationary" environment. They only spend a small amount of their income on food, gas, and health care which are rising in price rapidly. Of course, for those of us "ordinary" folks, it's just the opposite: we're spending a lot more on stuff that's rising in price and not as much on stuff that is stable or falling.

So we plebes will, as a result, feel a lot more inflation than the elites.

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