CPI using 1980 and 1990 as calculation basis

where are all inflation deniers from last year?

funny how so many run away once proven to be clowns

That ShadowStats inflation is based on a basic mathematical misunderstanding:

No, the real inflation rate isn’t 15 percent

quote:

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But the creator of the chart, economist and Shadowstats founder John Williams, has admitted that he doesn’t actually re-compute the inflation rate using earlier methodology. He does something much cruder: he starts with the official inflation figure and adds a fudge factor that represents his estimate of how much the official consumer price index (CPI) understates the true inflation rate.

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quote:

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I’ve bolded the huge, gobsmacking error here: the word “annual.” That 5.1 percent difference between the CPI-U and CPI-U-RS indexes didn’t happen in a single year; it’s a cumulative change in prices over 31 years. To compute an annual rate, you have to divide 5.1 by the number of years over which the change took place.

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quote:

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Williams doesn’t seem to realize this. He thinks methodological changes reduced the measured inflation rate by 5.1 percent every year. This is akin to driving your car 2,000 miles during a 31-hour road trip and then concluding that the car was traveling at 2,000 miles per hour.

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And the ironic and telling part of that ShadowStats website is that subscription price hasn’t changed in like a decade, despite believing there is “rampant inflation.”

I honestly can’t believe anyone would believe that site’s nonsense since it’s not even plausible.

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You will die on the "inflation isn't that bad" hill. I think you were one of the original "your inflation worries are overblown" fellers on MT back a year ago. Keep fighting the good fight brother

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Inflation is higher than I expected, but it doesn’t make that ShadowStats website not a bunch of nonsense nor does it make anyone who believes the nonsense any less stupid for believing it.

Equally as stupid as believing actual inflation YoY is 7%?

Lol idiot

Baw you need to sit this one out. You’re out of your league