Increases since 1992 (2002):
CPI - 1.638x (1.277x)
CPI w/o lies - 3.119x (2.013x)
SGS CPI 5.082x (2.485x)
Your house price data from 1992 is way too high, it was close to $100k average. Sounds like OFHEO or similar prices were used by that site, rather than the more accurate apples-to-apples sources like Case Shiller. And it's a dicey stat to use too, given the bubble during the period.
Gasoline, per EIA, was $1.04 in 1992 - your source was again too high.
Postal service is a not a good stat to use, since its not representative of a free market - UPS price stats, for example, show much higher price differences over the same period.
Both milk & eggs also have government support... and both have also not been adjusted for reverse hedonics either. Check into price differences for free range or organic products for a more accurate and apples to apples set of free market comparisons - they track CPI w/o lies or SGS CPI quite well.
Using 2002 shows a *very* different picture, since CPI w/o lies shows its biggest jumps & gaps starting around 2002 as the BLS cranked up on geometric weighting and hedonics etc. much more since then.
The difference between CPI and either CPI w/o lies or SGS CPI was under 1.5% in 1992, but now its between 5-7.25%
Gasoline was $1.16 on 1/2002 and is now $3.41 - almost 3x and well above both CPI w/o lies and SGS CPI adjustments. It averaged $1.46 in 2002 though, which is quite close to the alternate adjustments.
Electricity, water, insurance, medical and more are also way way up since 2002 - on an apples to apples comparison basis. |
