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RE: How well do you know inflation? Why it matters for your wealth.
I see what you're getting at, but we're in a bit of a semantic argument. I think you're mistaking the cost of living with inflation.
If the cost of living increases in an area, it may not be the result of inflation, but another economic factor (like if a bunch of rich people move into your area, fancy stores follow them and landlords pump up your rent to get wealthier tenants).
Unfortunately the outlook for keeping pace with cost of living increases can be bleak. Most banks offer less than 1% interest, and trying to make money in the market without taking the time to learn about it first can be suicidal for your finances.
As tech improved, people can telecommute more, so I'm interested to see how this effects housing costs across the world.
It might be semantic, I'm not making any mistakes about cost of living v official inflation. I'm asking the question is official inflation an honest measure? You're adopting its definition as 'truth' which is where you have misunderstood.