At least in the US and UK (and I suspect most of the West), the official inflation has been understating the reality for years (just look at the massive difference between what a salary in the 60s could pay for and the very same inflation-adjusted salary today buys) so the real picture is probably significantly worse.
At least in the US and UK (and I suspect most of the West), the official inflation has been understating the reality for years (just look at the massive difference between what a salary in the 60s could pay for and the very same inflation-adjusted salary today buys) so the real picture is probably significantly worse.