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Old 07-16-2018, 05:22 AM
 
3,174 posts, read 2,720,497 times
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Not only is inflation regional but it is heavily personal. We all experience varying inflation rates depending on our personal consumption and spending.
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Old 07-16-2018, 08:18 AM
 
Location: Lower East Side, NYC
1,837 posts, read 1,086,754 times
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ケンカ on 8th st between 2nd and 3rd ave in NYC has $1.50 Sapporo drafts and $6.50 ramen as of July 14, 2018. Given the wide variation of prices compared to that listed in the OP, I'd say the metric is off. OP needs to find a cheaper place to eat.
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Old 07-16-2018, 08:22 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,382 posts, read 50,562,503 times
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Dinner for two at a top notch restaurant with one drink each is still only about $100 around here, and we are considered a high priced area. If you want more drinks and don't want to spend the money, wait and have more when you get home.
I only feel the pinch of "inflation" when I pay the property taxes, going up 15% (almost $1,000)/year as the value of our home goes up. In 2003 our home was valued at $440k, and now is at $886k, just over 100% increase in 15 years. That and rent for tenants are the biggest difference from 15 years ago. Clothes and most other goods are less expensive now thanks to Amazon. Those people that only received 2-3% raises over the last 15 years and are suffering are mostly renters, where rent has doubled or more in the last 15 years. The solution is a bigger raise by promotion or changing jobs, or as many have done, move to a less expensive area and commute farther. Fine dining is a personal choice, but everyone needs a place to live.
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Old 07-16-2018, 05:44 PM
 
2,360 posts, read 1,026,502 times
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Doesnt matter, wages is LAST to get increase, but you can bet your arse everything else will keep rising well beyond your pay rate increase for COL.. .Call keeping you in check..

suggest a movie Call In Time.
https://www.imdb.com/title/tt1637688/?ref_=nv_sr_8


minus the story line, but the concept is their. Got to keep people working and only give them just enough to get by the next day.
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Old 07-17-2018, 12:47 PM
 
Location: WA
5,292 posts, read 20,697,476 times
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Here is a inflation measurement worth noting...

Chapwood Index - The Real Cost of Living Increase Index Vs Consumer Price Index - Founded by Ed Butowsky
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Old 07-17-2018, 12:49 PM
 
64,530 posts, read 66,075,955 times
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i live in nyc and over the last 3 years that i am retired i am still waiting to take my first inflation adjusted increase . our lives are far more in tune with the feds than that article
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Old 07-17-2018, 04:31 PM
 
4,713 posts, read 2,251,841 times
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Quote:
Originally Posted by Larry Caldwell View Post
For that matter, food is not included in the CPI-W, because food prices are volatile.
Nope, this is just "pulling a Caldwell" again.

Let me guess you read this in some magazine somewhere....
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Old 07-17-2018, 06:23 PM
 
857 posts, read 370,660 times
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About 20 years ago, I went to Ruth Chris and had a lamb chops for $40. 20 years later, the same lamb chops at the same steak house still costs $40. Inflation on that would be zero.

I don't think food alone is all that good gauging inflation. That's why government has CPI, PPI etc.
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Old 07-18-2018, 02:05 AM
 
64,530 posts, read 66,075,955 times
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Quote:
Originally Posted by lieqiang View Post
Nope, this is just "pulling a Caldwell" again.

Let me guess you read this in some magazine somewhere....
yes , as we know ,never let facts get in the way of a good story .
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Old 07-18-2018, 08:31 AM
 
Location: Tennessee
20,950 posts, read 15,267,317 times
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It's all about your choices.

I might do a Ruth Chris level dinner once or twice a year. My local area simply isn't wealthy enough to have restaurants like that. I was at Seasons 52 in Raleigh about two weeks ago, but I was filled up on the happy hour appetizers for like $15. I go to Asheville fairly frequently, but I don't think I've ever spent more than $25-$30 a person over there, and it's usually only me. Dinner is usually at one place, followed by drinks at one of the breweries.

I wanted to go out for a drink Monday after a bad day. The closest brewery has $5 beers. I went to Mellow Mushroom and had some $1.50 Rolling Rocks and a couple of $1 cheese slices. Not fancy, but it was fine and under $10 with tip. A local farm to table restaurant/pizzeria has $2 craft beers on Tuesdays. I can get a grilled chicken salad with local vegetables that's better than any chain restaurant and a couple of beers for about $15.

A couple with several glasses of wine or cocktails apiece could run up a hundred dollar tab at Olive Garden.
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