The Price of The (really) Good life
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.
ENTERTAINMENT AND TOYS +3.5%
FOOD AND DRINK +3.2%