1.7% INFLATION?

by James Quinn 

We know for a fact that home prices are now at 2006 highs. We know for a fact that rent has been going up at an annual rate of 3% to 6% for the last few years. We know for a fact taxes, tolls, and government fees have been going up at 5% to 10% per year. We know for a fact that our healthcare costs are going up by 10% to 50% per year.

Checkout the increase in commodity prices below over the last year. Do you use any of those products in your daily life? Even cattle and wheat, which fell in the last year, are now up 5% to 7% in the last month.

The Federal Reserve and the government drones at the BLS still tell you inflation is running at 1.7% in the last year. Do you believe them or your bank account?

Oil

Heating oil

Natural Gas

Unleaded Gas

Gold

Silver

Platinum

Copper

Soybeans

Lean Hogs

Coffee

Cotton

Sugar

 

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  • Tom

    If the government admitted to the real inflation rate, and then deducted that from the anemic GDP growth rate, they would come up with a negative number and be forced to admit that the economy has been shrinking for all the years Obama has been saying that we’re in a recovery. Obama said that anyone who says the economy isn’t doing great is “peddling fiction”. Sounds like more fake news straight out of the president’s mouth.

    • JosephConrad

      OBAMA IS A TRAINED LYING LAP DOG OF THE RICH WASPS-JEWS & CAN’T EVEN SPELL ‘FACT’ OR ‘TRUTH’.
      HE’S THE WORST PRESIDENT AFTER BUSH JR.. EITHER SHOULD HAVE BEEN NAILED RATHER THAN JFK !!

      AS HIS ‘LEGACY’, HE WANTS TO INCITE THE NATION AGAINST TRUMP & WHITE NATIONS AGAINST RUSSIA.
      HE WAS ALWAYS A LIAR, CARNIVAL BARKER, CON MAN & SNAKE OIL SALESMAN TO A STUPID NATION !

  • hvaiallverden

    Hehe
    Its exactly the same ion Norway, the inflation number is as real as I am the queen of Sheba.
    Aka nowhere near anything that whatever to do with reality.
    The petrol, power, road tax, and food prices in Norway have gone from insane to total bonkers, in one decade and they claim we have just 2% inflation or something like that annually.
    Hallelujah.

    The truth is, I have written about it before, is what this rotten scammers called Gov us as their basis for what they claim is inflation, like Bread, Milk and jeans, and if you see it, this items haven’t gone that far up, thats their base of this bogus stats and flat out lies they claim is the inflation.
    Inflation is taxation without representation, the same as Tax, the only difference is private or Gov.
    Thats it.
    The second scam is how the whine about low inflation is to be an problem, wasn’t the real idea of our so called marked copetition to give us all LOWER prices, but hell no, this mantra coming from the International Mother f….. aka IMF is pure manure. and why anyone of those so called experts dont talk about it is that large corps loos their annual rise in revenues, thats all its about, not to be an help to us, nope, to give the owners of corps an grantee they will have that annuale rise every f….. year and this scam is camouflaged as economic politics.
    Legalized plundering is the correct narrative, period.

    peace