This is all well and good except for the fact people only notice the one direction. People fail to notice when things deflate due to technology. How many people discuss that we have global communications for near free. Of that a mobile computer can be had for $30?
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I believe people only focus on the prices of food, housing and bills.
They also overlook they are making more money than they did 10 or 20 years ago.
Only when it goes up....notice how they never focus upon it when things go down.
How often do people mention oil prices are down from a decade ago (hence gas prices)? They only mentioned it went up in the last 3 months.