My intuition was that inflation for services has been faster than for commodities. This turns out to be mostly wrong. Indexing to the year 2000, the price of both haircuts (as a stand-in for a more correct but boring basket of services) and chicken (as a stand-in for commodities) has increased at about the same rate. Right now, haircuts are ahead and almost twice as expensive than they were in 2000, but only two years ago, chicken inflation was ahead.
There goes my dream of the Haircut/Chicken ratio replacing the Big Mac Index as a fun economic metric.
Nehaveigur 