How bad is inflation in the USA? Try 18%, based on the Flexible Consumer Price Index.
The Flexible Price Consumer Price Index (CPI) is calculated from a subset of goods and services included in the CPI that change price relatively frequently. Because flexible prices are quick to change, it assumes that when these prices are set, they incorporate less of an expectation about future inflation.
Again, remember that Federal inflation numbers woefully undercount housing and rent inflation. For example, the Case-Shiller National Home Price index (as of November 2021) was growing at 18.8%.
The sad part is that inflation-adjusted average hourly earnings growth of all employees is crashing thanks to inflation.
Wasting away in Biden’s inflationville.
One thought on “Wasting Away In Inflationville! Flexible CPI YoY Hits 18%, Highest In History (House Price Growth At 18.8% While REAL Wage Growth Crashes)”
Comments are closed.