Inflation is here

Yesterday I went to Costco with my wife for the first time in quite a while.  I don’t like to shop.  After looking at the prices in the meat department, I see why she is feeding me more hamburgers and less steak.  Talk about sticker shock.

So I figure I will look at the statistics to see how much inflation we currently have.  The U.S. Bureau of Labor Statistics has a website that they claim keeps track of inflation.  Here is the latest press release on that site.  “The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.  Over the last 12 months, the all items index increased 3.5 percent before seasonal adjustment”.

It makes me wonder what they are smoking; I think it is some kind of wacky weed.  Anyway, I don’t believe their statistics.  Now is a good time to work on your preps, they won’t get any cheaper plus Christmas is coming and they make good presents. Food is always a good hedge against inflation. One thing I like to give is books on preparedness and related fields.  Everyone needs knowledge.

Howard

Related posts:

This entry was posted in food storage and tagged , , , . Bookmark the permalink.

3 Responses to Inflation is here

  1. Jason says:

    The government no longer considers food and fuel into inflation. It’s based on other good like electronics that keep becoming easier and cheaper to produce. Keep your heads down and buy like there will be no tomorrow (because there may not be soon).

    Jason

    • C says:

      The govt does track food inflation in thier report, but even it is based on funny statistics. Substitution – if you once bought a namebrand food for $5, and now it’s $6, then switch to the off brand which is $3, they claim there was deflation, not inflation. As more generic brands are sold, they weight the formula with substition. Also, in the CPI, especially electronics, they use hedonics. If a television released this year has more features, but costs the same as last year, then there would be deflation because you got more features on the same TV. Searching these terms online will give much better definitions, but these are the basics.

  2. Deb says:

    So in other words, it is politition speak. Going round in circles to cover up what they are doing that they shouldn’t and not doing what they should. Is anything real anymore?

Leave a Reply

Your email address will not be published. Required fields are marked *