The Phaserl


Why Lie About Inflation? Because It Covers Up Bigger Lies

by Graham Summers, Gains Pains & Capital:

More and more analysts are catching on to the fact that Government measures of inflation are phony. The US Government tells us that inflation, as measured by the CPI, is 0.8%. This is largely a work of fiction however as the actual cost of goods purchased by consumers has increased.

The US Government hides this fact by changing the CPI regularly to underplay the threat of inflation. One of the most famous examples is the decision to drop food and energy prices from directly impacting the CPI via a gimmick called “hedonic adjustments.” In simple terms, if food or gas prices jump 100%, the CPI won’t rise anywhere near that much.

The CPI rigging goes much further than this. The CPI also adjusts how it measures the price of homes and rents. So if home prices or rent prices jump substantially, the jump won’t show up in the CPI.

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