How much have prices gone up since 2000?

[manning]

http://t.money.msn.com/saving-money-tips/10-ways-to-beat-inflation

Inflation for everything the CPI measures has grown 47.4 percent since 2000. The American Institute for Economic Research created an alternative measure, the Everyday Price Index, which puts more emphasis on everyday necessities, like gasoline. The EPI shows prices growing 69.1 percent since 2000.




Here's how the EPI says individual prices changed since 2000:




Price changes: Jan. 2000-June 2014


Purchase

*Percent change


Heating oil

232


Gasoline

183


College tuition & fees

130


Water and sewer bills

106


Medical care services

79


Child care

72


Public transportation fares

71


Electricity

68


Airfare

54


Movie & theater tickets

52


Restaurant food

48


Food at home

44


Shelter

42


*Source: American Institute for Economic Research

 

[xlxo]

Totally agree... I can't believe how much min wage has gone up...
http://www.usatoday.com/story/news/nation/2014/06/11/seattle-minimum-wage-15-challenge/10344443/

 

[Dakota731]

The only thing that has gone down in the past few years for our family is our 401K and the value of our house!

 

[xlxo]

The only thing that has gone down .... the value of our house!

Should have looked West and looked North...
http://bc.ctvnews.ca/for-sale-25m-boarded-up-teardown-in-vancouver-1.1916823

 

[crisi]

Over fourteen years, you would expect prices to about double given fairly normal inflation rates. On the other hand, you expect investments to double every seven. Its a good rule of thumb and there isn't anything shocking - its been that way pretty much since the industrial revolution. We've actually been in a fairly low inflationary cycle - a 44% increase in food is low over 14 years.

 

[okeydokey]

Didn't you start another inflation thread recently? Yes, the price of things has gone up.

 

[manning]

Didn't you start another inflation thread recently? Yes, the price of things has gone up.

Yes, several. What's your point? Nothing wrong with that.

 

[supersnoop]

Yes, several. What's your point? Nothing wrong with that.

Making disboards a platform for your agenda? Yeah, nothing wrong with that.

 

[Planogirl]

Our salaries have been stagnant the last few years and that worries me a lot more than increasing prices. Even though we're paying for DS' college in the next few days and that stings.

 

[manning]

Making disboards a platform for your agenda? Yeah, nothing wrong with that.

Ah yes, control freaks

If you don't like it just don't read it.

There are many posts here I don't agree with. I just shrug my shoulders, say whatever floats there boat and move on.

 

[wiscbugs]

Ah yes, control freaks

If you don't like it just don't read it.

There are many posts here I don't agree with. I just shrug my shoulders, say whatever floats there boat and move on.

Not sure what your point is with these threads...prices always go up over time. If they didn't, you'd have deflation and much bigger problems to post about.

 

[havaneselover]

Agreed. 2% inflation is healthy. We've had too little for the last five years.

Wage growth (or lack of it) is a much bigger problem IMO. Real median household income has declined. The middle class continues to get clobbered.

 

[AquaDame]

Its true.. personally my wage has not doubled in 14 years and nor did I ever expect it to. If its normal for prices to double then what gives? Has it always been this way..? I don't remember my grandparents or parents' wages increasing like that either. "Cost of living" increases does NOT keep up with that. I've only been in the employment market for 9 years so this is all new to me.

 

[havaneselover]

Its true.. personally my wage has not doubled in 14 years and nor did I ever expect it to. If its normal for prices to double then what gives? Has it always been this way..? I don't remember my grandparents or parents' wages increasing like that either. "Cost of living" increases does NOT keep up with that. I've only been in the employment market for 9 years so this is all new to me.

I was raised by an economist. He told me every 20 years prices should double in a normal economy. But that implies 3.6% annual inflation. We are running way below that right now. And the fed's target rate is 2%.

There has been no recovery for the middle class.

 

[pryncess527]

Its true.. personally my wage has not doubled in 14 years and nor did I ever expect it to. If its normal for prices to double then what gives? Has it always been this way..? I don't remember my grandparents or parents' wages increasing like that either. "Cost of living" increases does NOT keep up with that. I've only been in the employment market for 9 years so this is all new to me.

Yes, I think it holds true historically. I mean, in 1960 the median salary was about $5,400. In 1980, it was about $16,500. In 2000 it was $40,750. That represents salaries more than doubling in a 20 year period as a result of inflation and other market forces.

In 2012, median salary was $49,486. The last 10 years have not been good for worker wages relative to inflation in other areas of the market.

 

[JanaDee]

Agreed. 2% inflation is healthy. We've had too little for the last five years.

Wage growth (or lack of it) is a much bigger problem IMO. Real median household income has declined. The middle class continues to get clobbered.

I agree that wage stagnation is a much bigger problem than inflation.

 

[eliza61]

The only thing that has gone down in the past few years for our family is our 401K and the value of our house!

Where do you live?

What's your asset allocation.

401K's have pretty much recovered their pre-crash value. Now of course if you are in stable market funds or bond funds that maybe a different tune.

According to most wealth management publications, last year the stock market was up by average of 29.6%

S&P 500 was up 29%
Nasdaq was up a whopping 38%
Dow Jones was up 26%

LOL, one of the huge reasons why this girl is not paying off her mortgage early. You want me to pay off a mortgage at a lousy 3.99% when my money is making 25%. Plu-eeze.

So your 401K should have certainly done well last year and this year so far, the S&P is averaging 6% which is definitely beating inflation. It was actually hard to NOT have made money on investments last year.

housing is of course more regionally effected.

 

[cjnix29]

do you know one thing that really hasn't gone up? Airfare! Yep, well, at least in my mind. For as much as we all complain about the cost to fly to Disney.... The year 2000 is a great example, because it was the year I got married at Disney...and I remember being ecstatic to find airfare for $250 pp. Of course, I didn't have to pay baggage fees then either, but compared to everything else....not bad. I honestly can't remember since then ever paying more than that per person to fly to Orlando.

 

[havaneselover]

do you know one thing that really hasn't gone up? Airfare! Yep, well, at least in my mind. For as much as we all complain about the cost to fly to Disney.... The year 2000 is a great example, because it was the year I got married at Disney...and I remember being ecstatic to find airfare for $250 pp. Of course, I didn't have to pay baggage fees then either, but compared to everything else....not bad. I honestly can't remember since then ever paying more than that per person to fly to Orlando.

International airfare has though. East coast to Europe round trip is around $1500. I remember when it was $600 (16-20 years ago when I flew on my parents' dime).

 

[okeydokey]

do you know one thing that really hasn't gone up? Airfare! Yep, well, at least in my mind. For as much as we all complain about the cost to fly to Disney.... The year 2000 is a great example, because it was the year I got married at Disney...and I remember being ecstatic to find airfare for $250 pp. Of course, I didn't have to pay baggage fees then either, but compared to everything else....not bad. I honestly can't remember since then ever paying more than that per person to fly to Orlando.

And consumer electronics seem less expensive and clothing and lots of other things.