(INDEPENDENT SENTINEL) – Joseph Carson, the former chief economist at Alliance Bernstein, warns that inflation is actually in the double digits if we go by 1970s price measurement methods — Jimmy Carter’s era.
“In May, the consumer price index (CPI) rose 0.6%, pushing the twelve-month increase to 5%, the most significant increase since 2008. Core CPI rose 0.7%, lifting the twelve-month increase to 3.8%, the largest increase in almost three decades,” Carson writes. It’s actually much worse as bad as this is.
Changes over the past several decades hide the real numbers.
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