CPI

CPI Hits 9.1% and Somehow People Are Still Surprised

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Today’s announcement that the Consumer Price Index (CPI) hit 9.1% was so severe that there is now credible speculation that the Federal Reserve will raise the fed funds rate by 1.00% instead of the planned .75% which would still represent a huge increase.  We warned that inflation was large, understated, a huge problem, and not … Read more

More Nonsense from the U.S. Bureau of Labor Statistics – CPI

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This morning, the U.S. Bureau of Labor Statistics announced last month’s Consumer Price Index (CPI) was up 7.9%.  As we’ve pointed out multiple times in multiple forums, this number is complete nonsense. The increase in shelter (housing) prices was listed at 4.7%.  As we’ve noted in the past, this is due to a change made … Read more

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