“…February CPI print today at a shattering 7.9%. If you use the real unadjusted calculation from 1980, we are already well above 15%.”
In February, the purchasing power of $100 in January 2000 hit a new record low of $59.50. pic.twitter.com/aay3SUszMd
— dismal-jellyfish.eth (@DismalJellyfish) March 10, 2022
Price increases over last year (CPI report)
- Used Cars: +41.2%
- Gasoline: +38.0%
- Gas Utilities: +23.8%
- Meats/Fish/Eggs: +13.0%
- New Cars: +12.4%
- Electricity: +9.0%
- Food at home: +8.6%
- Overall CPI: +7.9%
- Food away from home: +6.8%
- Apparel: +6.6%
- Transportation: +6.6%
- Shelter: +4.7%
Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +4.7% YoY) with rents up 18% over the last year and home prices up 19%. Actual inflation rate is much higher than 7.9%.
Source: www.bls.gov/news.release/pdf/cpi.pdf
Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +4.7% YoY) with rents up 18% over the last year and home prices up 19%. Actual inflation rate is much higher than 7.9%. pic.twitter.com/4HD8ps58NU
— Charlie Bilello (@charliebilello) March 10, 2022
h/t welp007