Federal Reserve tries to hide inflation rate, stops data in 2021.

Federal Reserve Inflation Rate graph ^ | 6/12/2022 | Federal Reserve

[ChuckR163]

FRED is a tool from the US Federal Reserve which has graphs on CPI, inflation, employment, and many other economic indicators. There are several FR websites, one is in St Louis. https://fred.stlouisfed.org/

Inflation rate since 1960s, graph stops at 2021 for some reason: https://fred.stlouisfed.org/series/FPCPITOTLZGUSA

Expected inflation from Cleveland Federal Reserve is completely inaccurate: https://www.clevelandfed.org/our-research/indicators-and-data/inflation-expectations.aspx

[BiglyCommentary]

Chart CPI May 2022.

https://fred.stlouisfed.org/series/CPIAUCSL

[I want the USA back]

The CPI Inflation Calculator works: https://www.bls.gov/data/inflation_calculator.htm

1000 in January 2000 has the same buying power as 1731 in May 2022. That’s a 73% increase in about 2 and a half years.

[I want the USA back]

That’s 29% on a yearly basis. Is my math correct?

[dangus]

You selected the annual data. 2022 isn’t over yet. Go pick monthly data. Zheeeesh.

[dangus]

No, 22 1/2 years.

[Worldtraveler once upon a time]

One may credit the massive “Covid 19” spending to “counter” lockdowns and now the enormous mess in energy production, as the US went in short order from energy independence to energy dependence with the strokes of a Biden pen.

[SueRae]

Bump

[Iron Munro]

[cranked]

Little wonder that most have such a low approval of government transparency.....on anything! Retired military, worked for the government as a civilian for years before univ. teaching, etc, and to be perfectly honest, I have a seriously healthy, and I mean SERIOUSLY HEATHLY, distrust of the government. Repeated sh*t like this over the past decade plus has only solidified that distrust....

[ChuckR163]

1000 in January 2000 has the same buying power as 1731 in May 2022. That’s a 73% increase in about 2 and a half years.

That's actually over 22 years.

[ChuckR163]

Thanks for another user for pointing this out. The FRED numbers are yearly ONLY, not monthly. Let's try this. Monthly numbers for CPI appear to be at the BLS.

Monthly CPI numbers. Energy is up 35% under Biden, for 12 months ending May 2022. https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category.htm#.

This is the monthly chart of CPI for the past 20 years. Click on the legend to add a line to the graph. https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm.

[Pollard]

We had pinto beans and rice last night. Pinto beans were flavored with a 30 cent hunk of smoked pork neck.

Great Northern beans flavored with chunks of ham and corn bread on the side will be an upcoming meal.

[jdege]

Is my math correct?

For this you want geometric ratios not arithmetic. That is, you don't divide, you find the root.

Suppose prices doubled over ten years. "X×10 = 2.0" or "X = 0.2" or 20% is the wrong answer.

What you want is "X^10 = 2.0" or "X = 1.071" or 7.1% is the right answer.

1.731 over 22.5 years is 1.025 or 2.5%.

You can calculate this using logarithms.

• X^22.5 = 1.731
• log(X^22.5) = log(1.731)
• 22.5×log(X) = log(1.731)
• log(X) = log(1.731)÷22.5
• X = 10^(log(1.731)÷22.5)
• X = 10^(0.23829706788÷22.5)
• X = 10^0.01059098079
• X = 1.02468642043
• X = 2.47%

[John Milner]

I worked as a DOD civilian in a technical field for 30 years. I agree with you. So many just dumb and meaningless edicts from above. Every base Commander changing something to pad his resume and throwing a working system into chaos.

Top level management being sold system solutions that were to replace existing computing systems that were complete garbage. Requiring the field to continue both the new AND legacy reporting since the new never actually gave them what was needed.

Then the mandatory training on whatever flavor of the day social BS to pull you away from your tasks. It’s like they don’t realize all the extras mean you struggle to get to the actual work that you were hired to do

I was so ready to leave at 30 years!

[who_would_fardels_bear]

I believe the government stopped reporting the M2 money supply when it became inconvenient during the last housing boom bust cycle.

Ignorance is bliss.

[I want the USA back]

Oh. Thanks for the correction.