/biz/ - Business & Finance

>>56268897
CPI is a propaganda statistic created by the Department of Commerce, they reallocate the basket of goods at will while consumers don't do this, they tamp down high prices with "utility adjustments" (a new car today is worth more because it has TV screens in it, nevermind it's not as reliable).

When in actuality your grocery bill is 50% higher than it was prior to the scamdemic and the quality of meat/produce has dropped.

>>56268897
That's just the current inflation rate averaged out across a number of types. Food prices can be at 20% and it might been 40% last year but its all weighted back by other categories either not moving at all or lowering in price

It's only really useful as a reference to compare price movements, as in is the price of milk/gas/cars/shoes/etc outpacing average inflation.

Hello fellow retard, I am retarded too
I will help
Imagine your retard juice costs $1. Inflation rate is 100% (let's pretend fellow retard). Now your retard juice costs $2
Next month Inflation is only 50%. Number smaller means gooder right? Nope. Now your retard juice costs $3 because half of 2 is 1

>>56268952

> If we ignore the prices of things which are going up inflation has been defeated.

>>56268897
This is CURRENT inflation rate.

If you want to see what the inflation has actually been over a given period of time I think the bls calculator is a great resource: https://data.bls.gov/cgi-bin/cpicalc.pl

For example, if you put $1 and look at 1/22 to now, you see it read as $1.09 or basically 9% inflation since January 2022.

>>56268897
Could well be accurate. You do realize the number you are getting is this months inflation compared to what it was a year ago?

>>56268897
No one can really tell you what inflation is because no one can agree upon what it actually means. Compare how much you saved in 2020 vs now and that gives you an idea.

We’re not even diving into the bank failures and the Fed’s hidden balance sheet not approved by Congress, specifically made to print money to prop up failing banks.

>>56268897
But yes 3.8% is bullshit and they change the definition of what inflation measures every two fucking weeks. Dollars are fucking worthless anymore

>>56270397
This. If you just ignore all the inflation that's happening, then it becomes clear that inflation has been defeated

>>56268897

>>56268897
https://truflation.com/
YoY can be a low figure, since inflation may have risen and fallen during last 12 months

>>56270760

I think shadowstats has better numbers https://www.shadowstats.com/

it's between 30 and 50% , that's how much the politicians are giving themselves as raise this year

https://montrealgazette.com/news/quebec/caq-government-tables-bill-to-increase-salaries-of-mnas

>>56268897
Chainlinks solved this!!

And it's even less inflation then you mentioned. I can't wait to get my trueflation token drop that I can use daily to inform strangers about the REAL inflation.

https://truflation.com/

>>56268897
According to Truflation is lower than that. About 2.44% of core cpi

>>56268897
Um no sweaty Biden solved inflation that the Big Orange Cheeto Monald Muck caused.

>>56268897
yes. it's just that it was already much higher for 2 years already. Those already inflated prices don't just go down immediately, if ever. One of the fed banks has a "nowcast" on their website where they run a continuous prediction of the next CPI data announcement

>>56270676
>>56270397
>>56268952

The real reason inflation numbers are faked is so that the 10-Year (expected) Inflation Rate is lowered which then affects "10-Year Treasury Constant Maturity Rate minus 10-Year (expected) Inflation Rate" and this number is affects the gold price.

Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2078535

So by faking inflation rate people are discouraged from moving back to gold.

>>56270848

Truflation is a scam to prevent people from visiting shadowstats.com

>>56268897

See >>56268952

Also, it's cumulative.

CPI is propaganda. Look at shadow stats. Real inflation has been between 20 and 30% a year since 2020. Things are double in cost and that tracks what I see in my real world spending.

steaks were 25 now they're 50. 6 pack was 7 bucks now its 13. eggs used to be 2.50 now are 5. Repeat for everything.

>>56271113
Nice try chud, but Nobel prize winning economist Paul Krugman has already proven that inflation has been defeated - by simply tossing out the cost of food, gas, and housing from the measurements

>>56270472
But that’s also low.
Inflation is more like 50%-100% for everything that people need to live.

>>56271164
>>56271113
>>56268952
>>56268897
>cumulative inflation over the past five years has been like 70% when summed
>one quarter of +3.67%
>We did it! We beat inflation!
that's not how it works, fucking retard
beating inflation would mean prices returning to where they were in 2018, which would mean multiple quarters of negative CPI
it's still nearly double the fed's faggot target 2.0% inflation rate
this is what it looks like when a paid stooge posts on twitter

Dipshit plebs unironically believe that slower inflation rates = lower prices.
Numbnuts, just because the inflation rate is currently lower than it was last year, it still means that A) prices are hella high, B) the prices aren't getting cheaper, and C) prices are still climbing at faster rates than pre-2020.

>>56271201
and even despite all that, the actual inflation rate is still higher than 3.6%, and the 3.6% figure only arises when you tenuously massage the numbers to get as low of a result as possible

>>56271164
i really do envy the dunning-kruger confidence some of you retards proudly display. if there really were some malicious attempt to fudge the numbers at play here, it would never be this fucking simplistic. all these schizo ideas rely on the notion that some 95 IQ uneducated midwit is able to see through it all.

you do not understand what "core inflation" seeks to measure or what the number represents. stick to talking about other stuff that isn't clearly above your paygrade. go post in the GME thread some more

>>56271164
You joke, but shitlib predditors unironically believe this.

>>56268897
>iPhone is cheaper than 2y ago

>Amerimuts wagecucks spend their salary/savings on an iPhone

Here's why inflation is just 3.67%

>>56271249
Good bless David Dunning and Justin Kruger for giving us the world's first self supporting experimental model. Every time an ignorant armchair sociologist uses their names, it's another successful testing of their theory.

It's like a psychology powered perpetual motion machine.

>>56268897
the trend matters more than the actual number