Brace for Painful “Transitory” Inflation

The Houston Courant ^ | 5/21/21 | B. Vasoli

[Oatka]

Soon to be followed by the government basing the official inflation rate to the price of cattle manure, eliminating the “highly volatile” components of energy, food, housing, and medical care.

Government inflation indexes are all smoke and mirrors. Years ago, Brazil based their inflation index on the price of black beans in some key state. When inflation started to escalate, they trucked in TONS of beans to depress the price.

As to their "highly volatile" components, the stock market is the definition of volatile, yet Moving Averages are used to detect a trend. Anything that is a real inflation indicator is dropped from the index.