The CPI Lie
The “official” CPI or inflation rate was published this morning. You will hear that the YOY increase is 9.1%. You will hear that it is the highest inflation rate since the 1980’s, which is a total lie.
The math behind the calculation has changed twice since the 1980’s. There is never any mention of this when the media reports the inflation rate, there is no asterisk. One of two things must be true: either today’s inflation rate is understated or 1980’s inflation was overstated. You cannot compare a number the rate today to the rate from the 1980’s when the formulas are so different. Even Tucker Carlson, who may be the only remaining holdout in the MSM, fails to report this difference. I doubt that he is unaware of the differences in the numbers.
Using the 1980’s based formula, inflation clocks in around 18%, about double what the government will tell you that it is. Of course a lot of the items we consume have increased well beyond 18% since last year.