What a surprise that this comment thread is full of software developers in HCOL areas anecdotally seeing prices rise faster than the national average!
Re:Consumer prices increase 2.6 percent
by notyourday on Tuesday May 11, 2021 @06:01PM
(#27124121)
Most of the population lives in the urban high cost of living areas.
Re:Consumer prices increase 2.6 percent
by missedthecue on Tuesday May 11, 2021 @07:02PM
(#27124717)
The top 300 biggest cities in the US are home to only ~20% of the population.
Re:Consumer prices increase 2.6 percent
by machinebun on Wednesday May 12, 2021 @01:27AM
(#27126924)
> The top 300 biggest cities in the US are home to only ~20% of the population.
I think it's actually 20% for the top 100 cities; but a total of 62.5% of the population actually live in cities (82% live in urban areas - due to increase to 89% by 2050)
https://www.nationalpopularvote.com/100-biggest-cities-have-...
HN doesn't live in "America" - we live in a bunch of different cities with different economies.
This is actually a key problem with the Fed's tools -- they're national in scale. Inflation can be low in Acron, OH, but very high in San Francisco.