Agreed there is manipulation, to a point.
But my inflation indicator is the CRB index which has exploded in the past five years.
Because 'the Boyz' have very little control over global commodity prices.
BUMP
Global commodity nominal price changes in the aggregate are a direct result, not cause, of inflation with gold being the most characteristic commodity. The "boyz" can, indeed, control the level of nominal commodity prices by inflating or deflating the currency but they cannot have any sort of predictable control of the real prices of commodities except by buying and hoarding great quantities of them or selling off national reserves of commodities.