Inflation Actually Near 10% Using Older Measure - Yahoo! Finance

YoY Changes in Price Index Categories (+/- 5%)

Interesting that the things going up the strongest are those that we buy routinely, while those we purchase irregularly are going down.

Goes to Santelli's argument. (once again a TKO over Lies-man, this is not even a contest of intellectual equals anymore).

The match was stopped when Santelli counter-punched Liesman with this line about CPI and PPI.

"it's called factual avoidance. it's called how do we get to where we want to be by tinkering with the numbers."

"Factual avoidance", I love it. It's like when someone says you're being disingenuous because they don't want to call you a LIAR. Reminds me of the old accountants joke that ends "What's 2 + 2? Whatever you want it to be."



These exchanges would actually be comedic if, as we've seen over the course of the last few years, the implications didn't end up being so tragic.

More truth from John Williams and Shadow Government Statistics, echoing you what you're lying eyes already told you.
---



Inflation Actually Near 10% Using Older Measure - Yahoo! Finance:

"After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

Since 1980, the Bureau of Labor Statistics has changed the way it calculates the CPI in order to account for the substitution of products, improvements in quality (i.e. iPad 2 costing the same as original iPad) and other things. Backing out more methods implemented in 1990 by the BLS still puts inflation at a 5.5 percent rate and getting worse, according to the calculations by the newsletter's web site, Shadowstats.com."