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Originally Posted by vindibona1
But it's not limited to guitar stuff. Food prices have skyrocketed. Car prices too. Housing in some areas. The govt would have you believe that we have 2% inflation. I just want to know what dimension they are getting those numbers from (yeah- I know it's their "market basket")? Unfortunately your boss uses the 2%number to give you your "cost of living" increase. I digress. Sorry.
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Homes and durable goods like cars don't drive inflation as much as you'd think, because most folks don't buy them on a regular basis. If they survey 100 folks, maybe 10% have purchased or refinanced a new home, so only the 10% whose mortgage changed will affect inflation. Also, the government does not include food and energy in their estimate of core inflation rate, because their prices are rather volatile.
My raise is not tied to inflation. We never get cost of living raises. Our raises are based on merit (performance appraisal), corporate profits, and labor grade.