..............."The same scale differences are present in all measures of inflation. Onions might well have declined over the past year, which means that the $30 I spent annually on onions declined to $29--a grand savings of $1.
Even a 10% decline in natural gas costs would only yield a modest $50 reduction in costs for my household. Let's say another household consumes a lot more natural gas, and their savings would total $200 a year.
Compare these modest reductions due to deflation with the thousands of dollars in increases in big-ticket items like tuition, property taxes and healthcare. "
Actually I heard food and energy are headed upwards while home prices continue to fall. 10% off a house will make up for tuition which most of us aren't paying and I have even seen some softening on healthcare costs, pay with cash and you can get some steep discounts, sometimes more than 50% off.
Thomas Sowell: There are no solutions, just trade-offs.
