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The geography of inflation: relocation as a risk factor
We often forget that inflation is not a global constant, but a local phenomenon. Your cost of living depends on where you live and what you consume. Globalization allowed goods to be produced cheaply, but the cost of living in major cities has decoupled from the CPI.
Rent, logistics, local taxes—all these are growing at an accelerated pace in big cities. If you keep your savings in a currency that doesn't account for the rising cost of your local life, you lose the ability to maintain your previous level of comfort.
Cash is a bet that the cost of living around you will remain the same. It is a bet that almost always loses.
#citylife #inflation