Skip to comments.Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else
Posted on 06/20/2014 8:49:31 PM PDT by george76
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high.
In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.
But you would never know that listening to Federal Reserve chair Janet Yellen.
median household income in the U.S. is now about 7 percent lower than it was in the year 2000 after adjusting for inflation.
And if realistic inflation numbers were used instead of the government-manipulated ones, it would look a lot worse than that.
Inflation is a hidden tax that all of us pay, and it is systematically eviscerating the middle class.
(Excerpt) Read more at zerohedge.com ...
All by design, Comrade. All. By. Design.
and the raises don't even coverage just the rise in food prices....let alone everything else....
only thing to do is buy on sale, stock up on sale....reuse, and recyle...
My wife and I are on SS as our only income. Every time we go grocery shopping we become more and more alarmed. Soon we will be eating grass and bark like the NK’s. Our only luxury is our Internet connection and that might be going away soon ... eat or play, that is the question.
It’s not “demand pull” inflation (if you know what that is?)
Shop around for cheaper ways to get the internet before you cancel it. There’s probably folks on FR who know cheaper solutions. Anyone?
I disagree with the whole premise of this article. For example, three years ago a can of my favorite energy drink cost $1.50. Today, that drink still costs $1.50. No inflation there.
It should be noted that three years ago, the drink came in a 12 oz can. Today it comes in an 8.9 oz can. But I think that was caused by global warming.
/s (of course)
I have done the shopping and I am using the cheapest online service in my area. Thanks for your concern, but it is what it is.
Prices for the non-elites have gone off the charts. I think one of 0’s moves is to completely strip the financial holdings of the middle class. Jarrettdix say there would be payback...
Along with energy prices causing the spike in groceries and other consumables, there might be another factor at play: with the rising standard of living in the developing world, it’s probably costing more to make stuff overseas.
As the standard of living rises in the developing world, we’ll soon get no price break for making stuff there.
Then all the excesses of shipping manufacturing overseas will come home to roost with rising prices of stuff that used to be cheap.
You want inflation? Imagine how much clothing would cost if it were still made in the U.S.A.
All these years, the formerly cheap price of imported goods made it seem that rising prices weren’t that big a problem.
Plant a garden and get some laying hens.
Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High .
Clever of that BLS to omit food and energy from the CPI basket of goods, because those measures “too volatile.” Not that anybody needs food or energy to live, so why include them in the core inflation numbers?
Things are worse than I thought in the ObamaNation, when people have to make their own salves from home-grown veggies.
Oh well. It’s a little late in the year to start growing arugula, anyway.
Come on my FR friend, you know what I meant, but thanks for catching my mistake ... always appreciate correction, always learning.