Absolutely. What the article misses is that if inflation was correctly reported it would show that GDP is negative and that we have been living in recession for several years.

It is very noticeable when you have to buy meats or dairy. What they have been doing to hide the increase in products is just make the packaging smaller. The health kick has helped create the illusion that the prices haven’t gone up. They sell you a ‘healthy portion’, claiming it is the right amount your body needs and then qualify their price-gorging with the quality they purport they are offering.

the way inflation is calculated has been broken for pretty close to forever. The only sin committed by the current looters in power is that they have added their own spin to the mess. As for the past 6 years.. 6 years ago my monthly mortgage payment was 450$ These days I have to live elsewhere, and rent is 2K.. A 2 liter of diet coke back then was 1.25.. These days they are like 2.25.. Back, then I was paying 25 a month at work for the Bugatti of health insurance, and now I am paying 900$ a month for the rusty old Yugo version of health insurance. Ohh, and is just me or have people gotten used to paying 4$ for a gallon of gas?

If you don't count the things everyone needs to buy...

Not sure if this will make sense but one of the things I have noticed in my business is this. When I go in the fall to book my spring merchandise orders each vendor has a set list price and we get discounts off of that depending on how much I buy. Over the years the list prices have stayed relatively constant but my discounts have shrunk noticeably. In years past I would get June dating on many orders but most now carry May terms. This would give the illusion that prices have remained stable but since my discounts are smaller obviously prices are going up. Not sure if this helps to manipulate the data or not.

"No wonder the Nobel family wants to abolish the politically polluted prize for economics."

No plans to abolish the ultra-politically perverse "Peace" prize?

Food and energy are "no longer included" in the calculation of inflation. To come up with their cockamamie "inflation rate" in the past few years, all goods and services increased in price, but the value of your home went down. Thus, "on average", prices only went up a little. For the average homeowner, this was a double whammy and a massive decrease in net worth.

If we create $1 trillion out of thin air each year and have a $15 trillion GDP, that in itself is a 7% inflation, not counting anything else. Of course, that doesn't get counted by the Bureau of Liars and (Abused) Statistics.

I'm so sick and tired of them believing that we are so stupid & gullible. They are the ones who are the fools.