It's still cheap as dirt when compared to the rest of the world.
Maybe, but I had paid one dollar eighty nine cents last summer on occasion. This is quite a rising cost in my book.
Fresh eggs have gone to around four dollars per dozen, pork is around three dollars per pound, bacon closer to five dollars for decent cuts. Half decent bread is three to four dollars per pound. (yes, I can still bake my own for around a dollar per loaf, but that takes time and effort, the main reason that prepared bread became so popular in the mid fifties era)
The reason they say we have minimal inflation is because they include the "way down" house market in those numbers.
Do not know about you but I have only bought four houses in my entire life and each one I traded up to a better house, resulting in me only having one house at a time. Most people are lucky to buy one and yet the "numbers" include this major, once in a lifetime purchase to calculate inflation.
I am not fooled by this.
We are experiencing massive inflation and this fact is kept from the general public using Magic Math.
As far as gasoline, we could be self reliant for many years (price would go up a bit, but the "politics" would be more navigable) if we could only use our own stores and resources until a better solution that fossil fuels is presented.
