Indeed. My inflation indicator is the price of bacon. Used to be I bought a 2 lb package for $14. For those of you in Rio Linda, 2 lb = 32 ounces. Now the package I buy is 24 ounces, while I'm still paying $14. $7 per lb to $9.33 per lb. = 33% inflation.
But government math says inflation is slowing and the economy is "improving". Just imagine what the real unemployment number is.
The CPI is only about 5% but I talk with moms complaining about spending 25-50% more then last year. It seems to be just proving to people that the government lies when they say your groceries are 5% higher when they are skyrocketing.
CPI is the stupidest lie. People know how much their groceries are going up without the official figure.
Indeed. My inflation indicator is the price of bacon. Used to be I bought a 2 lb package for $14. For those of you in Rio Linda, 2 lb = 32 ounces. Now the package I buy is 24 ounces, while I'm still paying $14. $7 per lb to $9.33 per lb. = 33% inflation.
But government math says inflation is slowing and the economy is "improving". Just imagine what the real unemployment number is.
How do you figure?
Realize government inflation figures do not factor in the price of energy or food, but CPI does.
CPI simply confirms grocery prices are skyrocketing.
Edit: Read the article and I'm sure the government manipulates the numbers just like it's reporting.
With that being said, even the manipulated numbers aren't good and it's why they keep talking about inflation and not CPI in the MSM.
The CPI is only about 5% but I talk with moms complaining about spending 25-50% more then last year. It seems to be just proving to people that the government lies when they say your groceries are 5% higher when they are skyrocketing.