The ‘governments’ CPI is a joke of selected commodities that bear no practical resemblance to a trip to Walmart to get food. Heinz gravy that used to a dollar a jar now $2.50+. Or Stouffers macaroni that used to be under #$2.50 now $3.50 plus. That goes ON and ON all throughout the grocery, except there can be eggs and milk had at lesser inflated price. Price supports? Who knows.
And gas? Leftists say higher gas prices means less trips, less harm to the environment. But what about diesel? The fluid that runs our trucking delivery system? That added cost gets thrown right down to that gravy and macaroni I was talking about.
All I know is that when Trump gets elected, these same leftist touting how grand inflation is will be screaming their guts out for relief. Count on it.
That CPI is manipulated to remove things that are increasing in price faster than other things. The classic was the removing of steak form the CPI because people were substituting hamburger. I suppose if people can still eat even if it is only rice and beans then the price of other food doubling doesn’t count. The CPI is a distraction, not a measurement of anything real. At an extreme clothing price increases might be removed if people substitute rag -picking.
“…except there can be eggs and milk had at lesser inflated price. Price supports? Who knows.“
“Loss leaders”, stuff priced to get people into the store.