Exactly what I was talking about below with my post about rent:
You: My rent just went up 20%.
Econ PhD: No. Rental inflation around here is running at 20%, so adjusted-for-inflation, your rent hasn't gone up at all.
Econ PhD: Did you hear me?
You: What the hell is wrong with you?
Econ PhD: Probably the 20 years of college.
— Rudy Havenstein, Creating problems in town (@RudyHavenstein) August 12, 2018