So what really is the inflation number?

Tree fiddy

well they removed everything used to gage it that goes up with inflation so you can be paying 100 times more for 90% of the shite you need to live while they still claim not 1 pennny more of inflation.

when they dont count the cost of food, gas, and utilities as inflationary, then nothing is

It depends on what is included in the formula.

I think it’s closer to 10%

The question is whether it’s transitory. The government is going to call it transitory until they change their mind.

I recall the 70’s and early 80’s and interest rates shot through the roof but eventually inflation got tamed. I expect something like that to happen again but maybe not as severe

I read Greenspan’s Bubbles a while back. In it, the author describes how the Fed can swap out goods and services from their basket in order to hit their inflation target. So their stats are almost always skewed.

Don’t think of inflation as an overall figure that applies to everything. Instead, look at the various sectors and see how much things are increasing. Housing, autos, food, energy, etc. are all increasing at different rates for different reasons, much of which ultimately goes back to government intervention.

The price of a meal at a restaurant is going to go up due to food and labor costs, while energy costs are going up due to restrictions affecting supply. Different reasons, different rates, most because the government has done something somewhere to affect them.

quote:

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Now reports of 6.8% inflation excluding food and energy, really?

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The inflation rate is zero excluding everything that costs more.

35%

7.4%

Over 9000