Only 9% inflation bros

>Only 9% inflation bros...

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Yeah, well, thank god it's only transitory.

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someone should draw a dick on that piece of paper

yeah, transitioning from a functioning economy to a Weimar economy

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Has anyone actually ever went into the details of how they measure CPI? I mean line by line, every single product and the algorithm used, the hedonics used, the location of the products, etc.

Housing up yoy around 20%
Gas in my state is up about 80%
Food at my local Giant Eagle or Wal-Mart is all up 20%, 50%, 100%, some shit is even up 200%.

Used cars were up about 40% in my area. I was able to sell my Chrysler that was only worth about $8k 1 year ago, for $12k this year.

It's such a fucking fraud. Idk how ANYBODY even pretends to believe it.

no one cares. if you cant afford things then work harder, its simple.

1/3 of the CPI is housing. But they don't use actual market prices or rents. They give non landlord boomers a survey and ask them to guess what they would charge if they rented their property. That figure is only up like 5% even though real rents are up 25-40%.

The food portion is dynamic. If steak cost $8/lb last year and is $16/lb now, they just say that people will eat chicken instead ($5/lb -> $10/lb). Under this model, the cost of meat went from $8 to $10, only a 25% rise!

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Big if true

Ya I know, but I'm wondering if there is an actual line by line list of every single thing they measure and how they measure it. Or, is it just an amalgamation of different reports from each federal reserve across the country.

Like, not just; Item: Milk, Price: $2.48 Gal.

But; Item: Whole Milk, Brand: Great Value, Buisness: Walmart, Location: ABC Town USA, Adjustment: -24 cents, Reason: Higher Vitamin D content, Price: $2.48 Gal.

I know it's autistic as hell, but I have a suspicion they just make a lot of shit up and rush through it.

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That’s what happens when you have no-one with actual economic or mathematical intelligence running the fed. JPow himself never studied economics, had a bachelors in political science

This is true. Look into the boskin commission for more info anons.
If we measured cpi as they did in the 70's. The cpi would be well over 15%.

the answer is clearly to cook at home

/thread

the CPI doesnt include housing

the CPI and housing prices have decoupled about 40%, not that it really matter as you point out the CPI is entirely fudged anyway

housing is gonna crash hard to realign with real prices of other goods. so either housing will come down or bread and milk will be $15 bucks each

you can think obama and the big econ brains for that.

a move from the official poverty measure to a subjective poverty measure (because if you dont have a phone you are in poverty according to the gov)

The owners equivalent rent is particularly shady because it is not a measurable number. It is a survey given to home owners. That data is essentially meaningless. (And constitutes 1/3 of cpi) A home owner would clearly not be familiar with the renting market. Therefore how could they answer the question what would the rent for your house be if you did not own it. The blind leading the blind. Fuck economists and fuck jannies.

>The food portion is dynamic. If steak cost $8/lb last year and is $16/lb now, they just say that people will eat chicken instead ($5/lb -> $10/lb). Under this model, the cost of meat went from $8 to $10, only a 25% rise!

And if chicken goes up to $20 they will just say that people eat ze bugs instead… hehe…

we will eat ze bugs doe fr

Thanks Obama

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>chicken wings WAS
>coonlord
Bro stop trying to low key shill your band in Any Forums