54 Remember that quarter-century period that recently ended, when new auto prices DIDN'T GO UP AT ALL (if you believed the @BLS_gov)? That was what went into the CPI, and almost nobody questioned it. Good times. (twitter.com) posted 47 days ago by SophiesBoyfriend 47 days ago by SophiesBoyfriend +55 / -1 29 comments share 29 comments share save hide report block hide replies
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.