John Williams, owner of ShadowStats, determines rising cost of living making use of the exact same methodology that the government used to have for computing the consumer cost index (CPI)
Williams informed David Lin, anchor for Kitco News, that truth heading CPI number is loser to 15%, not 7%, as reported by the Bureau of Labor Stats.
Right here's why the government has a political reward to "subdue" the reported rising cost of living number.
Adhere To David Lin on Twitter: @davidlin_TV ()
Comply With Kitco News on Twitter: @KitcoNewsNOW ().
#inflation #economy #ShadowStats
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