This chart fascinates

Take away housing and consumer prices have not changed since 2010, 6 years of flat consumer prices.  We spent 6 years waiting for house prices to catch up?  Now the homeowners are fat and happy again.   Even a clear string of huge auto sales years could not dent the CPI. 

Except for medical, the retail industry is seeing a 1% deflation, an extreme contraction of the American consumer.  It is no wonder that international trade is the pits, China cannot adapt to this sudden stop.  This is why we have an earnings recession.