A chart is worth 1,000 words. The rate of inflation has been
on a mostly downward trend for twenty years. It is hard to
imagine that at the peak of the real estate bubble, with values
climbing to unsustainable heights, the underlying inflation rate
was less than 4%.
Thanks as always to Bill McBride at Calculated Risk for the
fun charts. One chart I would like to see would be this one, back
to 1970, with the price of gasoline overlaid. Just curious.