And is inflation actually increasing faster than the government admits?
We’re not big fans on how the government measures inflation, in the first place, as the largest portion of any consumer basket is housing (42 percent in CPI basket), which includes shelter (33 percent), and just doesn’t pass the smell test in terms of a true metric of price changes or even a cost of living measurement…
…Whether it’s an upward or downward adjustment, the fact is none of the shelter prices are real prices paid, which seems absurd to us.
More from Global-Macro-Monitor on current inflation can read HERE.
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