The Price of The (re­ally) Good life

Forbes - - Fact & Comment -

BAD NEWS—OF A very mild va­ri­ety—for any­one with a cou­ple bil­lion tucked away in the un­der­ground lair out back: Liv­ing a truly posh life­style has got­ten ju­u­ust a bit pricier over the last 12 months. Our bas­ket of 40 lux­ury goods is up 2% since last year, nearly half a point above the in­crease from 2017. Since we be­gan track­ing it in 1982, the Cost of Liv­ing Ex­tremely Well In­dex (CLEWI) has out­paced in­fla­tion by an av­er­age 2.3%. This year’s in­crease, though, was more than half a point be­low that of the Con­sumer Price In­dex over the same pe­riod. Rel­a­tively speak­ing, then, these high-end items are still af­ford­able. Which might make the 3% bump in the cost of one’s new he­li­copter a lit­tle eas­ier to swal­low.




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