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I asked perplexity and there are a few independent calculations (ShadowStats, Truflation, Billion Prices) that put the rate at about 10% https://www.perplexity

• throw0101a 1y ago
  > ShadowStats Just no: > Responding to prior criticisms made by economist James Hamilton, John Williams explained in a private phone call that Shadowstats does not actually recalculate BLS data, rather, the Shadowstats CPI merely adds a constant to the officially reported numbers.[28] * https://en.wikipedia.org/wiki/Shadowstats.com#Negative https://en.wikipedia.org/wiki/Shadowstats.com#Negative SHADOWSTATS(t) = 1.9 + 0.0055*t + CPIAUCNS(t) * https://old.reddit.com/r/badeconomics/comments/3zik5t/shadowstatscom/ https://old.reddit.com/r/badeconomics/comments/3zik5t/shadow... * https://www.fullstackeconomics.com/p/no-the-real-inflation-rate-isnt-14-percent https://www.fullstackeconomics.com/p/no-the-real-inflation-r... > Truflation * https://old.reddit.com/r/AskEconomics/comments/1beg6db/how_reliable_is_truflation_and_are_there_any_real/ https://old.reddit.com/r/AskEconomics/comments/1beg6db/how_r... > Billion Prices They actually published code so other folks could recreate: * https://en.wikipedia.org/wiki/MIT_Billion_Prices_project https://en.wikipedia.org/wiki/MIT_Billion_Prices_project
• the_real_cher 1y ago
  We're losing 10% of our money annually. That's absolutely insane.
• Analemma_ 1y ago
  If you actually stop and think about it for a couple seconds, you should realize immediately that a “secret” inflation rate of 10% is impossible. You can lie about that for a month or two, but 10% annual inflation means prices double every 7 years, which is obviously not what we observe.
  • CamperBob2 1y ago
    It may not be what you observe, but frankly, prices doubling at a 7-year rate sounds a lot like what's actually happening.
  • matheweis 1y ago
    > prices double every 7 years, which is obviously not what we observe. It’s not? The first two things that came to mind to check are almost exactly doubled: Case-Schiller for Seattle metro area for example is almost exactly double: https://fred.stlouisfed.org/series/SEXRNSA/ https://fred.stlouisfed.org/series/SEXRNSA/ Price of eggs is almost exactly double: https://fred.stlouisfed.org/series/APU0000708111 https://fred.stlouisfed.org/series/APU0000708111
• deeg 1y ago
  I briefly scanned the BPP data and it was pretty close to the official CPI. The BPP is usually a bit higher, and for a short time noticeably higher, but they generally converge. https://thebillionpricesproject.com/datasets/ https://thebillionpricesproject.com/datasets/
• johnsimer 1y ago
  truflation has inflation at 2% right now, not 10% https://truflation.com/marketplace/us-inflation-rate https://truflation.com/marketplace/us-inflation-rate