“Based on my experience seeing 10% yoy inflation in food, shadow stats is accurate.”
Food is not included in inflation rate calculations, along with a lot of other things, and that’s a good thing because the price of those things jumps around too and much too often for anyone to plan by those numbers.
Right why would anyone want to include food and commodities in monetary inflation statistics, that would be weird, and stuff. Naturally, they wouldn’t want to use “volatile” energy prices like gasoline, or heating oil, or elsctricity either. No, that makes no sense.
Oh, and housing costs are right out too. Have you seen what houses cost these days? “Imputed rent” - that’ll just have to do.
So then what’s left? All that imported scheisse and plastic el-cheapo gee-gaws produced by near slave labor in sweatshops on the other side of the world.
ProTip: All the official gubbmint stats are bogus and have been since the first bout of monetary inflation in the 1970s. True Bond yields are waaaay negative and have been for many years.