The bad inflation numbers are even worse
than the government says
American Thinker,
by
Andrea Widburg
Original Article
Posted By: Magnante,
2/11/2022 4:17:34 AM
You couldn’t miss the headlines: The annual percentage increase in inflation clocked in at 7.5%, making it the worst increase in 40 years. (snip) real inflation is probably even worse than the accelerated rate suggests. That’s because, in 1990, the government changed how it calculated inflation (something it also did in 1980). John Williams’s Shadow Government Statistics calculates inflation as it would have been calculated before 1980 and before 1990. According to his numbers, inflation would have been over 15% using pre-1980 metrics and over 10% using pre-1990 metrics.
You don’t need the numbers, though, to tell you what you already know.
Reply 1 - Posted by:
Californian 2/11/2022 4:58:31 AM (No. 1068583)
The numbers are even worse than that. You think they're honest with these calculations and data? They lie about everything else.
52 people like this.
Reply 2 - Posted by:
stablemoney 2/11/2022 5:34:08 AM (No. 1068602)
The inflation numbers are about as accurate as the 2020 election numbers.
83 people like this.
Reply 3 - Posted by:
planetgeo 2/11/2022 7:21:25 AM (No. 1068664)
Every voter should have this tattooed on their forehead: Inflation is the hidden tax imposed by Democrats on the poor and middle class.
44 people like this.
Reply 4 - Posted by:
F15 Gork 2/11/2022 7:27:33 AM (No. 1068667)
Price of gas here jumped 28 cents a gallon in the last 3 weeks.....
26 people like this.
Reply 5 - Posted by:
WhamDBambam 2/11/2022 7:42:02 AM (No. 1068678)
Of course they are.
15 people like this.
Reply 6 - Posted by:
homefry 2/11/2022 8:19:46 AM (No. 1068713)
They say 7.5%. PROBABLY closer to 15!
30 people like this.
Reply 7 - Posted by:
Kafka2 2/11/2022 8:37:16 AM (No. 1068739)
Is it any wonder that fewer and fewer people trust the government? Actually, the wonder is that their are still many people that trust the government.
20 people like this.
Reply 8 - Posted by:
rikkitikki 2/11/2022 9:13:35 AM (No. 1068786)
Rising prices are easy to spot, but I've noticed inflation hits the consumer in multiple ways not nearly so obvious as higher prices. For example:
1. I remember when a small can of tuna fish weighed 7.5 oz....now it's 5 oz. or less.
2. One package of bacon used to weigh 16 oz...now many of them weigh 12 oz.
3. An ordinary chicken egg from a package marked 'Large' is no bigger now than what used to be a 'Medium' size.
4. A bar of Dial soap is no longer a rectangular box in shape, but now comes with a large, elliptical gouge on one side...less soap per bar.
5. The ethanol-laced gasoline we all buy reduces mileage in most cars by 5 to 10%...without reducing full-cycle carbon footprint (someone has to grow and process all of that corn)
24 people like this.
Reply 9 - Posted by:
bigfatslob 2/11/2022 9:26:05 AM (No. 1068805)
The inflation numbers are as fake as FJB approval ratings. Let's just say it's in the tank and falling. MAGA
24 people like this.
Reply 10 - Posted by:
Trapper 2/11/2022 9:39:06 AM (No. 1068821)
That's not even the worst of it. They faked the GDP numbers as well.
GDP is domestic production minus imports. With container ships piled up outside west coast ports for no reason anyone can explain, imports were kept artificially low (wink wink, nudge nudge). Therefore, the subtraction from domestic production was artificially low,making it look like there was an increase in GDP when in fact GDP shrank. The roaring Trump economy contracted under Biden, and the Obama bots who make Biden dance are desperate to keep that secret.
It's not even stagflation. More like CRASHflation. For all the Obama progressives' "new" everything, it's really just Jimmy Carter all over again, on steroids.
22 people like this.
Reply 11 - Posted by:
franq 2/11/2022 9:46:28 AM (No. 1068830)
I had math, all the way through calculus. But even a grade school kid should know that bacon which was $1.89 and is now $8.99, has increased more than 7.5%.
17 people like this.
Reply 12 - Posted by:
PrayerWarrior 2/11/2022 10:25:56 AM (No. 1068877)
The govt. lied last Friday about the jobs number. Wall St. Journal did an article how they came up with+400,000 positive numbers instead of minus -300,000 job numbers for January. These people lie about everything!
14 people like this.
Reply 13 - Posted by:
Zigrid 2/11/2022 10:49:11 AM (No. 1068920)
Here's how to determine the inflation numbers...I tanked up yesterday at Casey's and it cost me over $50 bucks...it used to cost ...under the President Trump economy...$23 ...so I'm thinking it's probably at close to 20% inflation...and I have no mathematics in my background...BUT... I have to dig deep to pay my bills now...and BTW... I spent $48 dollars for TWO bags of groceries...how do you explain that Washington and obama/soros...to busy with construction of another mansion to give the time of day to your fellow black community...that you were going to fix...Remember?...where's the shovel ready jobs?
14 people like this.
Reply 14 - Posted by:
nekochan 2/11/2022 12:33:46 PM (No. 1069048)
When a factory has to retool or repackage to cover the smaller size of "product" how much do they have to sell to cover that activity?
6 people like this.
Reply 15 - Posted by:
qr4j 2/11/2022 6:38:43 PM (No. 1069329)
It is amazing what groceries cost these days. If you buy healthy stuff, and I am NOT talking about organic stuff, but rather just veggies and fruits -- you know, produce -- you spend a fortune. Meat is the same way.
Dad and my sister share a home. She looks after him. They grow a big garden in the summer. They have fruit trees. My sister has rediscovered the old-fashioned custom of canning and freezing veggies and fruit. They have two freezers full of produce. And she keeps a pantry full of tomato sauce, pickles, and salsa. She makes jams as well.
We all may need to rediscover some of those old farm customs.
5 people like this.
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