Grrrr....

Once again the government is 'fudging' the numbers on inflation...

Call it a preview of Wednesday's release of the official inflation figures for April, but American consumers say they expect inflation to go higher — and stay there longer. A New York Federal Reserve survey just out Monday shows that consumers have "raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy."

And coffee. Don't forget the coffee. But I'll come back to that momentarily. 

Full article, HERE.

The Kobeissi Letter shows once again how BAD inflation truly is, especially if you're a coffee drinker... Hit the show more on the X feed for an expansion!

https://twitter.com/KobeissiLetter/status/1789714235527967007?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1789714235527967007%7Ctwgr%5E866999c1e5a8904653658fcb4ead131ee1de1c7c%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpjmedia.com%2Fvodkapundit%2F2024%2F05%2F13%2Fhow-dare-you-consumers-believe-their-own-lyin-eyes-instead-of-bls-gimmicks-n4928995

And just how scummy and unrealistic the numbers are... Coffee is up 78%, so they drop it... Gasoline is no longer reported (and hasn't been for a long time), the cost of power is no longer reported, etc...

We've done back of the envelope calculations, FWIW, and figured inflation was over 20% the last two years, which means those of us on pensions or military retirements are losing conservatively 10-15% with every 'pay raise' we get, since they base it off the CPI!

And what about the elderly who are only on Social Security? I'm afraid to think about what they can and cannot afford, with prescription costs going up. Do they eat, get medicine, pay the water bill, or keep the lights on?

I'm betting quite a few cannot do more than 2-3 of those four...

And it's only getting worse!

I know I'm having to be more 'selective' with what I do, which includes going to conventions... sigh...