the official CPI figure is used to for a lot of things, like, say, setting how much Social Security benefits goes up YOY, or retirement pay for military retirees. If CPI is low, so is the annual raise.
CPI has been fucked with since 1980, and is the entire reason ShadowStats exists as a web site.
Help me out with this. What is the significance of the CPI (consumer price index for those unfamiliar)?
CPI is the official inflation figure the Fed looks at when it decides how much money it can print.
As you can see it looks low. (so they can print tons)
The reality is inflation is MUCH higher than the fed says.
the official CPI figure is used to for a lot of things, like, say, setting how much Social Security benefits goes up YOY, or retirement pay for military retirees. If CPI is low, so is the annual raise.
CPI has been fucked with since 1980, and is the entire reason ShadowStats exists as a web site.