pinqy
Gold Member
Wait, you're seriously saying that for cost of living prices that people aren't paying and aren't part of their cost of living should be included???Which is all horeshit.
The government grossly underestimates the cost of living. As the article states, if you remove the biases inflation is near 7%.
The method in which the government measures prices is flawed to say the least. If you are smart enough to be aware of economic conditions - you are also smart enough to know what I am saying here is true.
So why are you repeating a flawed figure?
The Obama apologists will give him cover when ever they can.
Apparently. That or he blindly believes government reports.
An example of how the government measures prices:
Average cost of a 6 pack of beer in one year is $5.00
One year later the average price is $5.75....a 15% price increase.
But everyone is switching to cheaper brands where the average price is $5.10....the government counts this as only a 2% inflationary rate because they measure not the price of items, but just the items people are buying.
A very, very flawed method that gives favorable reporting.
And it works both ways, if people start drinking good beer for an average of $7, that would be used in the index too.