How about some methodology? Is the author using declining medicare fee rates as proof that medical services are going down? Wouldn't be surprised.
Oh wait, leftist liars & eggheads don't have to produce methodology, facts and evidence for their claims.
“Commodity-based economies have a serious inflation problem because food and energy are so crucial to that smokestack, low-income model,” said Steve Cortes of Veracruz LLC. “But in a services-based economy like the U.S., many areas are outright deflating, like technology — and many more key areas churning sideways: professional services, brokerage of all kinds, hotels. Inflationary periods like the 1970s start with wage inflation, which is sorely missing from this recovery.”
Technology is always a wild card because the CPI tracks the relative increase in value of technology as deflationary - a better computer costing the same as last year's means deflation.
Whereas in services such as hotels and brokerages, I think it is just plain demand destruction that is holding down costs.