Definitively inflated. Whenever I visit the US, I notice how everything except food is overpriced. The taxes are insane, you need lawyers and tax accountants for every cough you make and the quality of life is hardly the same as in Europe or Asia. If anyone's got any catching up to do, it's the US. No offense - I like the country (visiting), but it's just unreasonably expensive. How can anyone choose to live there is beyond me. Right now it's the opposite of freedom, unless you're insanely rich - then you can feel comfortable.