I see this little snippet:
Prices paid by U.S. households surged higher in September as a wide range of goods and services became more expensive.
Prices rose 8.2 percent compared with a year earlier, the latest Consumer Price Index showed on Tuesday, evidence that the price stability sought by the Federal Reserve remains an elusive and distant destination.
…and I ask myself: where the hell does that 8.2% come from?
Way I see it, inflation should be measured across categories which hit the average person the hardest: food, fuel and utilities (FFU). All the rest are pretty much non-essential, other than in an emergency situation.
In my case, when I scrutinize my budgeted vs. actual expenses spreadsheet, the FFU inflation is running at about 23%, comparing the latest two months of this year’s expenditures to the same two months of last year. Gasoline costs, of course, are about 28% higher, even with me cutting back on my driving; food is about 20% higher (once again, “buying down” in terms of quality/quantities), and utilities are about 15% higher (and Aug/Sep was actually warmer in 2021 than this year).
None of the above is even close to the “8.2%” (LOL) that all these shitheads are talking about.
We are being lied to, and I really don’t like it.