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Edit: Read counter-arguments in comments to this below. And shadowstats.com puts it to 17.15%: March 2022 CPI-U annual inflation hit a 40-plus year high of 8.
by euph0ria 4y ago
Edit: Read counter-arguments in comments to this below.
And shadowstats.com puts it to 17.15%:
March 2022 CPI-U annual inflation hit a 40-plus year high of 8.54% [up from 7.87% in February], the steepest inflation pace since December 1981; March 2022 ShadowStats “Corrected” Alternate CPI estimate hit 17.15%, up from 16.05% in February], the steepest inflation rate since June 1947 (in 75 years).
- arcticbull 4y agoShadowstats is completely worthless. They literally just added a fixed 5% to the actual CPI numbers over the entire period without any justification. If you took their average inflation rate to any commodity over the period they claim, the price would be about 10X higher than it is. It's a tinfoil hat conspiracy site.
- euph0ria 4y agoHow does Shadowstats calculate it differently: http://www.shadowstats.com/article/no-438-public-comment-on-inflation-measurement http://www.shadowstats.com/article/no-438-public-comment-on-... Counter-arguments: https://en.m.wikipedia.org/wiki/Shadowstats.com#:~:text=A%20number%20of%20economists%20and,easily%20disproven%20and%20absurd%20conclusions https://en.m.wikipedia.org/wiki/Shadowstats.com#:~:text=A%20....
- deleted 4y ago[deleted]
- gruez 4y agoIf you deflate nominal GDP with shadowstats numbers, you'll find that GDP has been continually dropping for the last few decades. That seems hard to believe.
- schemescape 4y agoJust eyeballing the ShadowStats chart (because accessing the raw data requires a subscription), they're claiming that the inflation rate has been hovering around 8% since roughly the year 2000. That implies that the cost of living in the US has increased over 5x since 2000.
- jchonphoenix 4y agoAt least in the bay, it kind of has if you include housing... 2000 was a low point and we're at a high point now.