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US Inflation more horrible than Washington admits

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Posted By: Moritz55, 11/13/2021 2:55:07 PM

The US Consumer Inflation Report for October was horrible, showing a 12% annualized rate of price change. But it’s even worse than it looks. The shelter component of the index lags the more reliable private gauges of rent inflation. That means worse is to come. Three US companies publish national rent indexes – CoreLogic, Zillow and Apartmentlist.com – and their readings of year-on-year rent inflation range from 9% to 16%. But the US Bureau of Labor Statistics reports a year-on-year rise in the rents of just 3.4%. Shelter represents a third of household expenditures according to the Consumer Price Index.

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Reply 1 - Posted by: JHHolliday 11/13/2021 3:09:20 PM (No. 976537)
No kidding. This is situation the WH can’t win by putting out lies about the rate of inflation. It’s the one thing that average people can see every day….gasoline, groceries, rent….everything is spiking upward.
12 people like this.

Reply 2 - Posted by: MrDeplorable 11/13/2021 3:10:25 PM (No. 976538)
Yes, figures don’t lie but, well, you know the rest of that. There are lies, damned lies, and statistics.
6 people like this.

Reply 3 - Posted by: daisey 11/13/2021 3:11:48 PM (No. 976540)
Just glancing thru the titles of the articles posted today is about as depressing as anything I’ve read lately. The state of the country just keeps getting worse and worse. Those in power do not care. They live in their wealthy, security protected enclaves and eat 10$ a pint ice cream which they store in their $25,000 refrigerator/freezers. These idiots do not represent the American citizens. Their oath of office means nothing. Don’t listen to what they say. Just watch what they do. Wake up America.
18 people like this.

Reply 4 - Posted by: Dodge Boy 11/13/2021 5:10:37 PM (No. 976585)
That new CPI number of 6.2% is a joke. The real inflation rate that effects most of us is really at the 15% level.
9 people like this.

Reply 5 - Posted by: BirdsNest 11/13/2021 5:18:05 PM (No. 976588)
Most groceries have gone up in price twice since the current WH occupant has been in residence. Dollar Tree has just raised their prices from $1 to $1.25. How much of an increase is that? It's not brain surgery.
7 people like this.

Reply 6 - Posted by: itsonlyme 11/13/2021 5:28:20 PM (No. 976597)
The many Knotzee-like goons in the administration want complete control over everything, including the price of ice cream. They do not want the Demented Furher to be upset.
1 person likes this.

Reply 7 - Posted by: AntiStatist 11/13/2021 7:54:21 PM (No. 976693)
Goldman is correct.
1 person likes this.

Reply 8 - Posted by: mifla 11/14/2021 4:55:16 AM (No. 976895)
"All is well, all is well!" - Animal House.
2 people like this.

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The US Consumer Inflation Report for October was horrible, showing a 12% annualized rate of price change. But it’s even worse than it looks. The shelter component of the index lags the more reliable private gauges of rent inflation. That means worse is to come. Three US companies publish national rent indexes – CoreLogic, Zillow and Apartmentlist.com – and their readings of year-on-year rent inflation range from 9% to 16%. But the US Bureau of Labor Statistics reports a year-on-year rise in the rents of just 3.4%. Shelter represents a third of household expenditures according to the Consumer Price Index.
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