The CPI is calculated by the US government. They have every incentive to understate inflation and zero incentive for it to be accurate. The US government is th

The CPI is calculated by the US government. They have every incentive to understate inflation and zero incentive for it to be accurate. The US government is the biggest debtor in the world. Inflation is good for debtors. The US government is controlled by monied interests. Inflation, as a wealth transfer from poor to rich, is good for monied interests. Academic economists as always exist to provide air cover for the regime.