Inflation and deflation at the same time?

As of 2012, we've inflation and deflation depending on what sectors and what yardstick we're using.

The house sector and its associated sectors have been deflating due to the burst of the housing bubble in 2008. When you buy a house at one fourth of the price in some previously speculative areas, it is deflation. Service sector are in deflation as high unemployment drives down wages. Hopefully they will change in 2013.

Many sectors are in deflation due to the economy. It is supply and demand. They are oil, commodities.

However, food prices have been inflated partly due to adverse weather. 

If you use gold as a yardstick, the stock market has not been fully recovered from 2008. Gold was about $500 per oz then and now it is about 1,750. If you adjust the total market values in oz of gold then and now, you do not find a lot of changes. 

I use gold as a yardstick as it has little industrial value (so it will not be affected by the economy) and the supply is limited. Gold prices should correlate with the total USD in circulation, which is affected by how much the government prints.