It was right up there close to 18% which was a combination of the Unemployment Rate and the Inflation Rate.
Under Dear Reader if the powers at be were not cooking the books, the Misery Index would be OVER 40%
SEE: True inflation rate 27.67 percent for past 12 months:
http://www.escapetyranny.com/2011/02/15/inflation-anyone-check-out-the-12-month-price-increases-on-this-commodity-price-index/
We keep hearing that inflation remains relatively low. But a look at this Commodity Price Index chart indicates that the real inflation rate was over 20 percent for the past 12 months, more than 30 percent for food — even higher for commodities we really need to live.
Cotton is up 132 percent. Agricultural raw materials up 39 percent. Oil up 21 percent. Coal up 36 percent. Metals up 57 percent. Coffee up 70 percent. Wheat up 62 percent. Beef up 39 percent. Fish up 31 percent. Hard logs up 19 percent. Soft logs up 27 percent. Rubber up 79 percent. Wool up 57 percent. Fertilizer up 39 percent. Soy beans up 42 percent. Corn up 58 percent. Silver up 60 percent. Industrial Inputs Price Index up 51 percent. Commodity Food Price Index up 30 percent. Commodity Fuel Price Index up 20 percent.
This just over the last 12 months!
Can you say catastrophe?
That and the "Real" Unemployment Rate being 14.2% make this Commie, POS, the WORST President EVER!!!
anyone who buys gas and groceries and pays utility bills knows we are being jerked around on inflation figures
big time
“True inflation rate 27.67 percent for past 12 months:”
That’s a fact. I was hunting thru the supermarket meat department yesterday to stock up and I was thinking I might need to take out a loan. Plain old hamburger is near $5 a pound.
I'd say Jimmy has dropped to third place among White House occupants (I don't want to get into whether the thug in our White House today is eligible for that position and should even have a place on the same list with Washington, Jefferson, Lincoln, and Reagan). Buchanan's mangling of the first months of the South's actions produced a full-scale civil war, and we still haven't fully recovered from the chain of events that Buchanan set in motion. Obama has not (yet) started our second civil war, but he has done exceptionally grave damage to our country, to the point that many despair of ever recovering. Jimmy was an inept bumbler, but he did little lasting damage in comparison to Buchanan and Obama.
Very interesting source, but that inflation index is dated April 2011, and I don’t think is being updated- I might be wrong abvout that. Still a very interesting site. Thanks.
Actually I think the “real” unemployment rate is 14.7%, not 14.2%.