Anyone that spends their own money on their own needs knows this.
The funny thing is that they’ve been lying about inflation for decades. I’m not a historian, but I’m old enough to remember when they changed the CPI back in the 80s or 90s because it was getting too high. So they adjusted the basket of goods to stay on the 2% target.
What we are complaining about now is that “adjusted” basket of goods getting up to 6-9% inflation!! So their cheat is running too hot. Real inflation has been running around 10% annually since 2008 and then when covid hit jumped to 30%+ per year.
Yeah, they manipulate with things like cell phones too. If last year's model was $800 and this year's model is twice as powerful but also $800, then they use that to lower the "official" inflation numbers.
Anyone that spends their own money on their own needs knows this.
The funny thing is that they’ve been lying about inflation for decades. I’m not a historian, but I’m old enough to remember when they changed the CPI back in the 80s or 90s because it was getting too high. So they adjusted the basket of goods to stay on the 2% target.
What we are complaining about now is that “adjusted” basket of goods getting up to 6-9% inflation!! So their cheat is running too hot. Real inflation has been running around 10% annually since 2008 and then when covid hit jumped to 30%+ per year.
Yeah, they manipulate with things like cell phones too. If last year's model was $800 and this year's model is twice as powerful but also $800, then they use that to lower the "official" inflation numbers.