I can't believe you actually think CPI is flat when the cost of goods are rising across the board.

I guess this is why its so easy to control the markets. People don't even practice critical thinking and check for real world data.

Whatever we are told is what we hold!

CPI is objectively flat, you can look it up on the bls site. You might think CPI isn't well correlated to price inflation, but you'd be wrong there too.

Yeah, people on HN are kind of cranks about this sort of thing

It's not HN, it's everywhere. The housing as an investment mantra doesn't help. Yes, house prices are going up but for all we know it's a bubble right now. If CPI inflation does pick up in the future it may turn out to be correct. It would be helpful if people actually did the right thing and built more housing, though.