JUST IN - US inflation rises to 7.9% in February, hit a 40-year high, more than expected and likely only a harbinger of even higher prices yet to come.
The current CPI calculation is a goal-seeked scam to underreport with “hedonic” adjustments the actual realities on the ground.
7.9% “inflation” is laughable for anyone not operating from gov Ivory Tower.
John Williams uses the CPI calculation methodologies from the 1950s, when the US government was quite a lot less criminal, and actually bothered to incorporate real-world indicators; to wit:
Do NOT comply.