Thursday, January 13, 2022

Worst US inflation since ’82 is huge underestimate - Asia Times

Shelter accounts for about a third of American household expenditure, and the cost of buying or renting shelter is up nearly 20% over the past year. Yet the Consumer Price Index (CPI) for shelter reported Jan. 12 by the US Bureau of Labor Statistics showed an increase of just 4.2 over the past year.

Private surveys conducted by the big rental sites, Zillow and Apartmentlist.com, show increases of 13% to 18% during 2021, and the Case-Shiller Index of US home prices jumped 18% in the year through October.

Who are you going to believe, to paraphrase Groucho Marx – the US government or your own eyes?

via asiatimes.com

Eyup.

https://rightcoast.typepad.com/rightcoast/2022/01/worst-us-inflation-since-82-is-huge-underestimate-asia-times.html

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Comments

Is it conceivable that an arm of the Federal Government would publish honest statistics? What are the career incentives for that?

Posted by: dearieme | Jan 13, 2022 5:23:29 PM

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