If everything big is is increasing in cost at some rate faster than inflation,why hasn’t inflation risen to match.

Question

I don’t have the exact figures at my fingertips, but in the last 20 years or so college has increased at a rate of something like twice inflation, healthcare five times, cars two and a half, etc. if these big ticket items can be moving so much higher than wages why isn’t the overall inflation number higher to match?

In: Economics

Answer 1

Because inflation *also* includes some things that are going down in cost, such as staple foods.

Answer 2

Some things go down in price, like electronics. Many things don’t go up very much. And some things are excluded from the official inflation rate, primarily fuel and food, because they vary too much in the short term and it makes the charts not so pretty. And if I understand it right, inflation includes the cost of rent, but not house prices.

Answer 3

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