​Why Nobody Believes The “Data”: Surging Prices Of Everyday Items Are Excluded From CPI – Tyler Durden

Why Nobody Believes The “Data”: Surging Prices Of Everyday Items Are Excluded From CPI As inflation remains painfully high for American consumers, the Consumer Price Index (CPI) is woefully inadequate in terms of reflecting reality. (AP Photo/Pamela Smith, File) For starters, CPI excludes several significant costs faced by households today – ranging from property taxes to soaring interest payments. While price levels remain notably higher than before the pandemic, according to the CPI, inflation has slowed – reaching a 2.4% increase for the year ending in September. That’s only part of the picture, Bloomberg reports. “The CPI is capturing the…  — Continue at ZeroHedge News : Read More