Trump refuses to share pre-holiday inflation report — first skipped month in 12 years
Trump refuses to share pre-holiday inflation report — first skipped month in 12 years
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Trump refuses to share pre-holiday inflation report — first skipped month in 12 years
The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall Street Journal.
There’s no inflation if you ignore the figures. Therefore, there’s no president if you ignore the president.
Bingo!
I mean inflation itself as a formula has been constantly tinkered with to make it look nicer, excluding extreme changes (unless they beneficially contribute to under-representing the actual inflation).
For example, inflation was supposed to be on average 4-5% YoY for the past ~5 years here in the UK, yet somehow everything that matters - food, bills, rent, etc. - went up by 50-70% if not more in that period.
I mean 5% inflation is a pretty high rate. At 5% YoY you'd have prices up ~30% in 5 years.
If that rate is uneven (lower/higher across different segments of the purchasing basket) you could get towards 50% inflation in some areas.
This is kind of weirdly true since so much about the economy is based on sentiment. Inflation is obviously real, but purchasing power is pretty nebulous.
But obviously ignoring it entirely is not even close to sustainable.