February inflation rose 7.9 percent year over year. Expect March to be even worse, seeing as how gasoline increased by over 20% in one week.
Categories: economics
Communism
Firgures Don’t Lie, but …
You know the rest. A great illustration of what that saying means is this article where the writer tells us the “living wage” for a family of four in Florida. Let’s read their definition of Read more…
6 Comments
SiG · March 10, 2022 at 10:41 am
Remember, the fed.gov gave themselves the incentive to lie about inflation and have revised how they calculate it a couple of times since the Jimmy Carter years. To compare it to historical numbers, you need to multiply that 7.9 by about 2-1/2 times.
EN2 SS · March 10, 2022 at 11:30 am
Very good explanation of how the numbers are played, depending on who is playing.https://inflationdata.com/articles/2014/05/21/methods-calculating-inflation/
Don Curton · March 10, 2022 at 12:37 pm
Kinda puts my 3% pay raise in perspective.
Borepatch · March 10, 2022 at 12:50 pm
Gasoline isn’t included in the inflation figures, because reasons.
You should also check out ShadowStats: http://www.shadowstats.com
Here’s their take: February 2022 CPI-U annual inflation hit 7.87% [up from 7.48% in January], the steepest inflation pace since January 1982 (in 40 years); the ShadowStats “Corrected” Alternate CPI estimate hit 16.05% [up from 15.62% in January], the steepest inflation rate since June 1947 (in 75 years).
Divemedic · March 10, 2022 at 4:20 pm
They don’t, but higher fuel costs also have an impact on everything else we buy, due to increased shipping costs
Muh Wakanda · March 10, 2022 at 7:44 pm
There is going to be so much losing, you are going to get tired of all the losing.
Diesel along all local interstates is $4.90-5.00$ a gallon.
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