Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “Consumer Price Index”

Empty Shelves Everywhere

We are seeing increasing reports of empty shelves, especially in grocery stores, at the same time that hyperinflation is starting to occur, particularly impacting energy prices. The moneygps weighs in on this situation and what it means for the average consumer.

How the CPI Masks Inflation

Investment broker and financial commentator Peter Schiff says the public is right to distrust the CPI or Consumer Price Index.  It is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the public and financial markets.

To demonstrate his point, Schiff created a basket of 20 goods that consumers regularly purchase, ranging from eggs and beer to gasoline and housing rentals.  Prices for these items rose 44.3% during the last decade, but the government reported a rise in the CPI of just 27.5% during the same time frame.

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