Hacker News Reader

> It was a problem for a lot of people who either got priced out of the housing market or have huge student loans..

It may have been, but that was not reflected in the CPI, and we are talking about inflation as it is officially recorded in the CPI reports. The CPI inflation didn't spike up until early 2021.

View on HN

The point is that many asset poor Americans saw the inflation as moderately beneficial due to higher wages. These higher wages made homes appear more affordable. The CPI measure underestimates inflation for individuals who need to acquire assets like homes.

Reply on news.ycombinator.com