Posted on 02/15/2022 5:46:24 AM PST by Skwor
The Product Price Index (PPI) hit 9.7% in January. The expected number was 9.1%
Does anyone really believe the identical basket of groceries they paid $100 for last January only cost $110 today?
And that is probably after doctoring the data to make it look better.
Nobody in DC has to pay for their own food and gas so it is all good.
It’s just transitory though. /s
Just another whack over the heads of all those Biden voters who dragged us into this mess.
Inflation Number Hits 9.7% versus 9.1% Expected
—
Expect the unexpected
The only unexpected thing here is that the government didn’t fake the numbers down more.
Remember—in their calculations we trade off: In November we bought Bumblebee Tuna. In December we traded down to Star Kist. In January we traded down to store brand.
In February we traded down to store brand cat food.
The inflation will REALLY show up next month. Ha Ha.
We smile when the MSM uses the word “unexpected”, an angel gets its wings.
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.
No. But it’s like credit card interest compounded monthly. The other thing to consider is that they are quoting the “producer price index” not the consumer version. PPI is the increase in raw material and semi-finished goods that go into the prices we pay for the finished goods that we buy.
So if every nut, bolt and computer chip that goes into that new Ford F-150 goes up by... say 1.5% per month... what do you think the asking price will be at the dealership by the time it goes out onto the lot?
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.