I have found the same to be true. I have lost 26 pounds which is wonderful but I have lost a whopping 6" from my waist and gone down 2 pants sizes!!
I lost:
1" chest
6" waist
3.5" hips
3" thighs
2" calfs
2" upper arm
3" forearm
Inches as well as pounds add up. I am starting to really see a difference and people are starting to notice too!