The U.S. Labor Dept. reports official prices for urban consumers, But they lately appear to differ a good deal from the sense of prices most Americans have when shopping. Actual prices they pay are much higher than what is being officially reported.
The Federal Reserve tells us not to worry while its policies blatantly inflate the currency. And while it does fudging with the numbers.
Such as housing costs and how to include the cost of shelter. After all, home prices could be down while rents are up. And then official statistics may conveniently only have “core” statistics and not an entire shopping list.
They may leave out oil and food prices when they’re a big part of everyday consumer cost. (See the Earl J Weinreb NewsHole® comments.)
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