Saturday, December 2, 2023

Never Mind Bogus Measures Of Inflation - Purchasing Power Is What Counts, And It's Decaying

Never Mind Bogus Measures Of Inflation - Purchasing Power Is What Counts, And It's Decaying


Tyler Durden's Photo
BY TYLER DURDEN
SATURDAY, DEC 02, 2023 - 07:30 AM

Authored by Charles Hugh Smith via OfTwoMinds blog,

If your earnings rose by 34% from January 2020 to October 2023, congratulations, the purchasing power of your labor kept pace with higher costs.

Official measures of inflation are a long-running tragi-comedy: comedic in the transparency of the distortions, and tragic in the consequences: what will you believe is true--the statistics or your lying eyes?


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