Tim Knowles
2 min readMay 1, 2024

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The inflation rate is personal. Your choices determine your personal inflation rate. You chose to live in Spain, that affects your personal inflation rate. I pay 75 cents for my cup of coffee and at that price I drink three a day. My auto insurance has dropped not risin and I did not change companies or coverage. I don't eat eggs or much bread, so I don't know about those. I have seen the prices of groceries go up on what I buy but not really much out of line with the published inflation rate. Gasoline goes up and down but does not seen thru the roof. My cell service and my ISP have not raise prices much or often and not at all in the last couple years. I own my home free and clear, so I don't have rent. My homeowner's insurance went thru the roof up maybe 25 percent this year and I am one of the lucky ones who are not in the State pool. The increase in value of my home is way more than the rate of inflation and totally offsets all the other factors a few times over.

The publish inflation rate is a basket of goods that may or may not reflect your actual situation.

I am not denying "greedflation." Not sure I would support price controls if they were on the table. They are not and will not be, many people consider them Un-American. I do support efforts to increase competition and antitrust rules and legislation.

Wages, my wages have kept up with and exceeded the published rate of inflation because my employers have normalized annual cost of living increases at the published rate of inflation and that when combined with promotions and bonuses mean in real terms, I am making more than when I started working by quite a bit. I started as an entry level engineer and was laid off as a senior manager 30 years later. I took a new job that paid 20 percent more than my salary when I was laid off.

I can understand that many people identify with your story as it matches their lived experience but is not at all like my lived experience.

I think the only times I have paid for coffee at prices like you quoted was when I was on business travel and then it was fully reimbursed, did not affect my finances.

TEK

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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