14 ms·

I think they are saying official inflation figures can be manipulated to be below real inflation

• midasuni 4y ago
  Last year internet experts were saying “real” inflation was high because lumber was up X% As of today, Lumber is down 30% year on year. Those same people seem to no longer talk about lumber as it doesn’t suit the narrative.
  • prepend 4y ago
    Well also because there are other factors that are high. Inflation is a basket of many goods. Just because lumber is up or down doesn’t mean inflation, overall, must be up or down. It’s not a conspiracy in this case or an official narrative. Inflation is high so reporters try to find examples. Instead of lumber, they now talk about groceries or whatever.
    • midasuni 4y ago
      We know inflation is high. The conspiracy theorists are the ones who say it’s higher (20,30% etc) because their commodity of choice is up that much. Last year that commodity was lumber. A couple of months ago it was oil. It’s quite possible, likely even, that your personal inflation doesn’t match the official inflation, because you don’t have the same basket of goods. By all means if you want to present an alternate inflation with different weighting that’s fine, preferably show what the same weighting’s were over the last 20 years though and be transparent about the weightings like official ones Or do a YouTube video showing different amounts of lumber and yell about how the lame stream media is lying to you.