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greatZebu
Aug 29, 2004

Huttan posted:

The "official" inflation rate is around 2%. The administration keeps deleting consumer price indices and producer price indices that show higher inflation rates. Shadowstats has been measuring inflation and unemployment in much higher amounts than the official stats. If you measure the cost of groceries you purchase, and include the smaller container sizes (cynically called the "grocery shrink ray"), you will measure somewhere between 10 and 15% inflation.
http://www.shadowstats.com/alternate_data/inflation-charts

One example of a deleted stat is Producer Price Index for Heavy Construction. An elected office I ran for was in charge of a massive transportation construction project. The cost overruns (more than 100% over budget) were due to very high inflation in project essentials such as concrete, steel and copper.

The shadowstats inflation calculations are hard to take seriously. See for example http://azizonomics.com/2013/06/01/the-trouble-with-shadowstats/ and http://www.slate.com/blogs/moneybox/2013/07/18/tom_coburn_inflation_truther.html. If you want an alternate inflation measure, I'd put much more faith in http://bpp.mit.edu/usa/.

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