The annual CPI gain was the biggest since 1981, but Peter reminded us that this is basically comparing apples to oranges.
Forty years ago, we used entirely different CPI than we use today. And as far as I can tell, we are generally missing the mark by about half, meaning that if we use the 1981 CPI to measure the 2022 price increases, we probably would see a year-over-year rise of 17%, which is twice eight-and-a-half.”
https://www.zerohedge.com/personal-finance/peter-schiff-peak-inflation-just-wishful-thinking
Changing the way the CPI is measured is just another government lie to the people. Anyone that shops or buys gas knows the numbers we are given now a days is all a smoke screen.
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