Government Figures Are A Lie: Annualized Inflation Peaks At 17% & Much Higher

[G.L.R.]

Washington Developed A System To Lie To You About Inflation, The Real Inflation Rate Is Much, Much Higher

June 11, 2022

The rate of inflation has set  record highs this year, but the 8.6% number you have seen is nothing  more than a lie, a rouse, to make you feel better

For more than a year, inflation  has been on an upward trend, the likes of which America has not seen in  more than 75 years. But Biden and his Democratic party are consistently  lying to you... Annualized inflation just peaked at 17% for the first time since WW2, the highest rate in 75 years.  Inflation is correctly defined as  an expansion of the nation's money supply. However, during the 20th century, the federal government began a series of steps to expand the money supply to facilitate more expansive federal spending. ... the Fed changed its definition of  inflation from an expansion in the money supply to a rise in the price  of goods and services. ... the Fed altered its  calculation for the CPI to no longer measure a constant "basket of  goods" but instead utilized a hedonistic, strategic group of goods to  measure inflation. For example, if a new car produced  by Ford Motor company in 1986 theoretically cost $11,250, but the  improved model in 1987 offered 10% better gas mileage at a price 5%  higher, the CPI would reflect a reduction in the cost of new automobiles  in 1987. The resulting report would reflect a 5% drop in new car  pricing without accounting for the 5% increase in consumer cost. Thankfully, some sources continue  to track and report the actual numbers based on a consistent "basket of  goods" ... The latest available data, which  does not include the May CPI report as of this writing, shows that  inflationary rates using the Fed's old standard sits are about double  what the government has told you, at 16.46%. It is only logical to assume that once the team at ShadowStats includes the May report, that number will surpass 17%.  ... All you have to do is compare today's pricing to  one year ago...

   
• 1 lb uncooked long grain rice, May 2021: $0.801; May 2022: $.909. Increase: 13.5%
• 1 lb bacon: May 0221: $6.35; May 2022: $7.36. Increase: 16.0%
• Dozen eggs, grade A, May 2021: $1.63; May 2022: $2.86. Increase: 76.2%
• Gallon of whole milk, May 2021: $3.50; May 2022: $4.20. Increase: 20.2%
• 1 lb of coffee, ground roast, May 2021: $4.57; May 2022: $5.84. Increase 27.8%
• 1 lb propane, May 2021: $2.85; May 2022: $5.97. Increase: 111.4%
• Electricity (per kwh), May 2021: $.14; May 2022: $1.54. Increase: 10%
• Median home sale price, March 2020: $272,929; March 2022: $373,734. Increase: 26%

If you examine only these numbers, you get an average year-over-year increase of about 37.6%.

Washington Developed A System To Lie To You About Inflation, The Real Inflation Rate Is Much, Much Higher
https://www.thegatewaypundit.com/2022/06/washington-developed-system-lie-inflation-real-inflation-rate-much-much-higher