Who's Kidding Who Concerning Inflation?
Inflation is currently running at a little under 3% annually - so we're told - OR, at over 14%, depending on which calculation you use.
The latest official U.S. government figure is 2.9%. But if you recalculate inflation using pre-Reagan (1980) methodologies, when inflation was seen as a real threat to the economy, the annual inflation rate in May was about 10.3%.
These are "core" numbers discounting both food and energy. In total, food and beverage costs are up nearly 4% since May of 2006.
Therefore, the real inflation rate is 14%!
* * * * *
The latest official U.S. government figure is 2.9%. But if you recalculate inflation using pre-Reagan (1980) methodologies, when inflation was seen as a real threat to the economy, the annual inflation rate in May was about 10.3%.
These are "core" numbers discounting both food and energy. In total, food and beverage costs are up nearly 4% since May of 2006.
Therefore, the real inflation rate is 14%!
* * * * *
posted by Bob Moser at
3:44 PM
0 Comments:
Post a Comment
<< Home