"They" Still Don't Get It | Main | Contextualize Everything, Part II: Government/Press [Joe Mannix]
November 24, 2021

Lie About Minimize Inflation Calculations Enough, And Spending Will Always Be Up!

This is the sort of arrant nonsense that the federal government spouts to fool the rubes into thinking that it's just their imagination that prices for pretty much everything are out of control.

5% my ass...

Consumer spending rebounds despite rising October inflation

U.S. consumer spending rebounded by a solid 1.3% in October despite inflation that over the past year has accelerated faster than it has at any point in more than three decades.

The jump in consumer spending last month was double the 0.6% gain in September, the Commerce Department reported Wednesday.

At the same time, consumer prices rose 5% compared with the same period last year, the fastest 12-month gain since the same stretch ending in November 1990. The surge in prices this year did contribute to the 1.6% rise in spending in November, yet adjusting for inflation, spending was still up a solid 0.7% after a 0.3% inflation-adjusted gain in September.

[Emphasis mine]

Notice how vague this is? Of course it's the Chicago Tribune, a reliably leftist rag, but can anyone figure out whether they are counting fuel costs in the increased spending? Because that is a big deal, since most people do not have the luxury of not purchasing fuel. It is inelastic until the prices hit astronomic numbers. I know that the government does not use food and fuel costs in their inflation calculation, or at least the one that everyone uses...the CPI

My wild-ass-guess for the real inflation rate...the one that counts ALL the stuff I buy...including fuel and food...is at least 20%.

How about you?



digg this
posted by CBD at 04:05 PM

| Access Comments




Recent Comments
J.J. Sefton: " Art is fun for you. And it's here. ..."

steevy: "Trump tried to kill Biden! ..."

GOPe Commissar Hrothgar (hOUT3) ~ Comrades, if only Comrade Fauci knew! ~ [/i][/b][/u][/s]: "[i]But no one that DOES anything. Yes yes I know c ..."

blake - semi lurker in marginal standing (2SdPm): "I find you racist for demeaning my shtick. Posted ..."

Count de Monet, Unvaccinated Meatbag: "Sexual Equity seems like it would be very fertile ..."

NR Pax: "[i]Sad/funny that we don't even consider "he's a m ..."

bicentennialguy: "Yep. Who did the CEO and HR vote for, because that ..."

Sponge - Saying Jackson Sparks: "[i]Any comment can identify as first... Posted by ..."

[/i][/b][/s][/u]Muldoon: "All DNA is familial. IYKWIM ..."

Moron Robbie - FDA requests 2076 as release date for safety approval data on vax [/b] [/s] [/i]: "See, she says, it's just like how the starting lin ..."

Boswell: "I thought that was Henry Ford..... Posted by: JT ..."

I used to have a different nic, member - Ashli Babbitt Society: "[i]Former White House chief of staff Mark Meadows ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64