XPost: or.politics, ca.politics, alt.fan.rush-limbaugh
On Fri, 12 Apr 2024 09:32:13 -0700
AlleyCat <
al@aohello.con> wrote:
On 4/10/2024 5:46 PM, Trump's Bitch wrote:
The current 3.5% is based on the inflation rate from March 2023. The inflation rate in March 2023 was 5% from March 2022.
You add the 3.5% to the 5% then prices have risen by 8.5% since
March 2022.
We don't calculate two year inflation rates, you ignorant shitbag.
It's always an annual rate.
Well he can't deal with the *real numbers* on that ever!
https://groco.com/article/three-reasons-the-fed-is-lying-about-inflation/
Four Examples of Inflation Being Higher Than What the Feds Are Reporting.
The latest report shows inflation is up on an annual 12-month basis of 8.3%. Over last year, the reported rate increase is 5.1%. The apartment list, national survey of brands over the past 12 months, show an increase of 17%. And realtor.com has inflation
going up 16.8%.
So rent is a very important component of the CPI, it constitutes 32% of the overall index.
In terms of energy, the government claims that energy prices are up 23%. However, natural gas has doubled in price this year, gasoline is up 55% over the past 12 months, and home heating oil is up 70%. So, there’s no way in a world that we get to the
numbers that are being reported.
In addition, food inflation is reported to be up 9.1%. The major food supplier Tyson Foods reported that it has raised prices on pork 38% over the past year and beef, 33%. The United Nations reports food inflation worldwide over the past 12 months is
running at 33%.
So inflation is a lot worse than we’re being led to believe. And we are now in the worst environment in history for bond investors. As of this morning, 10-year bonds were yielding 2.8%.
The government reports inflation has been running at 8.3%. We think it’s closer to 14 – 15%, which means there is a loss in real terms of at least 10% taking place. In the current environment Bond investors are being eaten alive.
True Current Inflation Rate?
Mr. Zuccaro estimates actual current inflation to be approximately 14 to 15%. Consumers know this just watching food prices increase. They go to the market once or twice a week, and they see prices going up before their eyes.
From a personal experience, Mr. Zuccaro relates that he recently
purchased a case of water for $7.49. The exact same case of water, one
month prior, only cost $5.78. So in only one month, the price of that commodity/product increased more than 25%!
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)