The CPI that the government tracks is as good as their unemployment rate. It's indicative (it should raise if inflation raises) but has nothing to do with reali

The CPI that the government tracks is as good as their unemployment rate. It's indicative (it should raise if inflation raises) but has nothing to do with reality. These numbers were twisted so that they do not look very bad. If you read that unemployment is at 30%, you'll be protesting. The reality is, life got a lot better in the last decade. If you are measuring by that, prices are actually down (or did not increase that much). Today's iPhone would have been prohibitively expensive (if possible) and many houses did not have the amenities they have today (washing machine, cable, tech gadgets, etc...).