The true inflation rate is actually 15.1% as per 1980's based methodology

[JGalt]

Biden has achieved what only President Jimmy Carter could have. The method of calculating the CPI was revised in 1998. If you use the same metrics that were used before then, the actual inflation rate is 15.1%

Let's go Brandon.

Why The Federal Reserve Note’s Decline Is Far Worse Than Reported​

"Unfortunately for the political class, it is impossible to hide rising prices for virtually everything.

They developed novel ways to tamp down the inexorable rise in the Consumer Price Index, such as “hedonic adjustments,” geometric weighting, owners’ rent equivalent, and substitution. Government officials have baked outrageous claims right into the data. Ground beef is equivalent to steak and living in an apartment is just as good as homeownership -- that sort of thing.

The real inflation numbers may be close to double what’s reported officially. Alternative data sets are out there, but, predictably, bureaucrats are quick to dismiss the information as conspiracy theories published by fringe economists.

John Williams of Shadow Government Statistics (ShadowStats.com) is perhaps the best known of these. How does this “fringe” economist calculate inflation? By using the same methodology the Bureau of Labor Statistics itself employed in 1980.

That’s right. It’s the same calculation minus all of the tricks deployed to confuse people over the past 40 years."

Why The Federal Reserve Note’s Decline Is Far Worse Than Reported

 

[task0778]

When things start to look like shit change the formula.

 

[Toddsterpatriot]

Biden has achieved what only President Jimmy Carter could have. The method of calculating the CPI was revised in 1998. If you use the same metrics that were used before then, the actual inflation rate is 15.1%

Let's go Brandon.

Why The Federal Reserve Note’s Decline Is Far Worse Than Reported​

"Unfortunately for the political class, it is impossible to hide rising prices for virtually everything.

They developed novel ways to tamp down the inexorable rise in the Consumer Price Index, such as “hedonic adjustments,” geometric weighting, owners’ rent equivalent, and substitution. Government officials have baked outrageous claims right into the data. Ground beef is equivalent to steak and living in an apartment is just as good as homeownership -- that sort of thing.

The real inflation numbers may be close to double what’s reported officially. Alternative data sets are out there, but, predictably, bureaucrats are quick to dismiss the information as conspiracy theories published by fringe economists.

John Williams of Shadow Government Statistics (ShadowStats.com) is perhaps the best known of these. How does this “fringe” economist calculate inflation? By using the same methodology the Bureau of Labor Statistics itself employed in 1980.

That’s right. It’s the same calculation minus all of the tricks deployed to confuse people over the past 40 years."

Why The Federal Reserve Note’s Decline Is Far Worse Than Reported


View attachment 599613

ShadowStats? LOL!

He pulls numbers out of his ass.

Never run a calculation of his own.

He's a clown.

 

[Deplorable Yankee]

Biden has achieved what only President Jimmy Carter could have. The method of calculating the CPI was revised in 1998. If you use the same metrics that were used before then, the actual inflation rate is 15.1%

Let's go Brandon.

Why The Federal Reserve Note’s Decline Is Far Worse Than Reported​

"Unfortunately for the political class, it is impossible to hide rising prices for virtually everything.

They developed novel ways to tamp down the inexorable rise in the Consumer Price Index, such as “hedonic adjustments,” geometric weighting, owners’ rent equivalent, and substitution. Government officials have baked outrageous claims right into the data. Ground beef is equivalent to steak and living in an apartment is just as good as homeownership -- that sort of thing.

The real inflation numbers may be close to double what’s reported officially. Alternative data sets are out there, but, predictably, bureaucrats are quick to dismiss the information as conspiracy theories published by fringe economists.

John Williams of Shadow Government Statistics (ShadowStats.com) is perhaps the best known of these. How does this “fringe” economist calculate inflation? By using the same methodology the Bureau of Labor Statistics itself employed in 1980.

That’s right. It’s the same calculation minus all of the tricks deployed to confuse people over the past 40 years."

Why The Federal Reserve Note’s Decline Is Far Worse Than Reported


View attachment 599613

 

[HenryBHough]

When small cans of mushrooms to from 89-cents to $1.49 in one week - as they have locally - it's hard to accept even the 15% figure.