March 28, 2024

The Real Inflation Rate

Diane Kimura

We are not comparing apples to apples. The BLS changed the CPI calculation method - was it politically motivated to deceive Americans about the real impact of the failed economic policies?

Why does everything feel so unaffordable?

According to the pre-1983 CPI calculation method, inflation is nearly TRIPLE what current CPI data says.

If you used pre-1983 CPI, inflation peaked at 18% in November 2022 and currently stands at a whopping 8%.

Under this method, housing inflation more than DOUBLED since 2020 alone.

Even in August 2023, this CPI inflation method would've put inflation at 12%.

Perhaps this is why there is such a large gap between headlines and reality.

Are our inflation formulas off?

May be an image of text that says 'Official and Estimated CPI using pre-1983 housing methods, 1974-2023 Year-over-Year Change in the Price Index 20 16 12 Official CPI Estimated CPI using pre-1983 Housing Concepts Nov-23 Nov-23 Apr-74 Apr-84 Apr-94 Apr-04 Note: 1983 is excluded during the transition, see text for imputation procedure. Source: Bureau of Labor Statistics; Authors' Calculations. @KOBEISSILETTER Apr-14 Apr-24'

Posted by: Timothy Birdnow at 07:31 AM | No Comments | Add Comment
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