OTCPK:PGMFF - Post by User
Comment by
Megamisteron Jun 11, 2021 10:03pm
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Post# 33377094
RE:Cpi report points to transitory inflation?
RE:Cpi report points to transitory inflation? Depends on whether or not you believe that the inflation numbers being put out by the government are credible (realistic) or not.
Governments constantly look at ways to tweaki/adjust the manner in which they calculate and report CPI percentages, so as to show any surge in the cost of living in the least damaging manner possible while continuing to champion their professed political and business accumen.
Just look at how CPI is calculated today versus how it was in the 1980's and 1990's.
All one needs to do is take a look at the cost of living affecting their own personal daily lives. Yes electronics, and the like, are cheaper, but energy costs, food costs, housing/accomodation costs, etc., are all up... dramatically and in very short order this year. Real or "true" CPI is definitely at a higher percentage than what the "official" government CPI statistics are telling us it is.
COVID has affected supply chains, but nothing is impacting the CPI more than the debt based money supply created by governments. There is alot of debt based money chasing fewer available goods and services, which leads to much higher prices and higher inflation.
For me "shadowstats.com" shows more realistically what's happening with regard to the actual CPI and how governments are currently calculate (manipulate) the numbers they report.