The best indicator of inflation is the prices you pay for everyday goods. I have a saying, the best economist is the consumer. Most consumers will self monitor the prices paid on goods they frequent. The picture below is a 2012 menu from Five Guys Burgers. The address is listed on top of the store location and the date of print is lower right hand corner.
I decided to go to the store website of the same address online to compare prices. You can view it yourself here at this link. Here are the price comparisons of 2014 and 2012.
Hamburger $5.79/$5.19 14.4% increase
Cheeseburger $6.49/$5.89 10% increase
Bacon Burger $6.69/$5.99 11.6% increase
Bacon Cheeseburger $7.29/$6.49 12.3% increase
Not all price have gone up. Drinks and fries have stayed the same. Hot dogs and Sandwiches have also increased.
Indianapolis, IN has been ranked #1 for college graduates and employment. Unemployment rate for college grads in the city is a staggering 1.9%.
Read the entire article at the Indianapolis Star