Posted on 03/10/2022 6:39:13 AM PST by Browns Ultra Fan
As expected, US inflation soared to 7.9% YoY in February as gasoline prices continue climbing.
US rent inflation (owner’s equivalent rent of residence YoY) surged to 4.30%. However, Zillow’s rent index last month was 15.93% YoY.
But if we look at US Monthly Rent YoY, we see that rents are climbing at a 17.6% rate.
Energy costs soared in February YoY. Gasoline was up 38%. Fuel Oil was up 43.6%. Food was up 7.9%.
Volatility (AVAT) rages in the energy sector.
There are still 7 rate hikes in the cards from The Federal Reserve.
Gold has been climbing as Russia invades Ukraine. Cryptos Bitcoin and Ethereum are steady, even as the Biden Administration issues an executive order to “study” cryptocurrencies.
(Excerpt) Read more at confoundedinterest.net ...
It’s just a flesh wound. Man up!
Poverty is joy.
Forward comrades!
This is not sustainable and will quickly lead to a very severe recession.
Real inflation rate is 20 - 25%. If this were happening with a Republican in office, the press would be all over this. HOWEVER, this is the one issue where the average voter knows exactly what the score is - no gaslighting can cover this up.
March is going to be an ugly report!
“But...but....we’re helping Ukraine and fighting Putin, so stop complaining, you traitor!”
The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980.In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.
Yes, comrade!! LOL
BIDEN OWNS THIS
BIDEN OWNS THIS
BIDEN OWNS THIS
BIDEN OWNS THIS
BIDEN OWNS THIS
Shadow stats is bunk. That’s not to say that CPI is accurate - for example the OER and rent #s are just ludicrous currently in CPI - but Shadow stats overstates inflation more than CPI understates it.
If a person didn’t know any better, one might think the US looked at Venezuela and said, “Here, hold my beer.”
More details, please—in what sectors do you think shadowstats is incorrect?
“Shadow stats is bunk.”
For the individual it matters not what the government CPI or Shadow Stats reports. What matters is the actual inflation of the market basket the individual consumes and if the individual’s income is increasing in line with the inflation rate of that market basket. If the prices of the things I consume are rising 7%, and my income is rising 10%, inflation is not a factor. If the converse is true, inflation of what I actually buy is going up 10% annually, and my income only 7%, my actual disposable income is declining 3%.
Transitory.... Everything I need is over 100% from last year. So many lies.
The gas price I paid last week: $3.89. This Monday $4.39. This morning $4.49. Everyone who buys gas knows what is occurring. They did just start seeing in the last week.
If I am not mistaken, fuel and grocery prices are EXCLUDED from the Consumer Price Index. So inflation is a whole lot worse than the CPI portrays
Let’s not forget tax inflation.
My property tax is up 15% this year on top of a 15% increase the year before.
I believe them over the government.
Just the cost of unity huh.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.