If these building blocks became 96% cheaper, why doesn’t everyday life feel 96% cheaper?

I do think this is a thought provoking question.

In most areas of life for which the squeeze of inflation is felt, the price rises are generally due to artificial scarcity: housing, education, health.

Is inflation really a runaway problem in other sectors?  It seems to me that for the other areas where inflation is felt, like groceries and energy, the price rises are only a more recent phenomenon probably driven by near-term geopolitics.

econ

The Deflation Index | Where Your Productivity Went

Scoresby

> If these building blocks became 96% cheaper, why doesn’t everyday life feel 96% cheaper?

I do think this is a thought provoking question.

In most areas of life for which the squeeze of inflation is felt, the price rises are generally due to artificial scarcity: housing, education, health.

Is inflation really a runaway problem in other sectors?  It seems to me that for the other areas where inflation is felt, like groceries and energy, the price rises are only a more recent phenomenon probably driven by near-term geopolitics.