[raybbr]

I have done the research and believe the CPI is manipulated to keep inflation down because of its ties to SS increases.

BTW, how did we only have 2 or 3 percent inflation when housing was going up ten to fifteen percent a year several years ago?

I don't buy electronics, housing and cars every day. Food I need for my family. That's way up over a year ago. Just look at chicken prices.

Honestly, anyone that looks at the CPI for an indication of whether we are in inflation or deflation lives in a fantasy world. Just like a politician.

[rb22982]

They measure rents instead of owning (Clinton changed that IIRC). Food only makes up 10% of my budget, so even if it went up 10%, it would only be a 1% cost of living increase. Just because you don’t buy it every day doesn’t mean its not a valid measure. I got chicken breast for $2.77/lb this week and $2.99 the two weeks before. Last year it was $3.99-$4.99. What’s your point?

[rb22982]

http://www.bls.gov/news.release/cpi.nr0.htm

FYI--SS is going up over 5% this year despite the fact that we are likely to have massive deflation.

[Toddsterpatriot]

BTW, how did we only have 2 or 3 percent inflation when housing was going up ten to fifteen percent a year several years ago?

If I bought my house 15 years ago with a fixed rate mortgage, why will a jump in housing raise my cost of living?