Wednesday, February 20, 2008

Real Inflation Nears 12%

Real inflation, as calculated by the CPI metric before the government changed it to be intentionally and deliberately incorrect, was just below 12% for February, on an annual basis (ie: compared to one year ago).


That's the highest inflation has been since 1981, when it was coming down from the 15%+ peak in the late 70's. Pretty interesting (and bad), if you ask me. I wish more financial sites would report the real inflation rate instead of the bogus one which is commonly reported, so more people would be aware of the problem, and maybe politicians would have to actually try to do something about it.

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