Energy, lumber, steel, food, housing etc.etc.etc. The indexes, PPI CPI, weights are manipulated to lie about inflation. "CPI shows inflation has been below 2% for 20 years" They don't tell you they adjusted the CPI weighting, in the index, of education, medicine, and housing to get the number they want. For example, buying a home isn't factored in the CPI because that is a "capital expenditure", they have routinely dropped the percentage weights of medicine and education. They can't keep inflation under wraps much longer.
Mostly on energy costs, or were rising wages ($15 min) a factor?
Energy, lumber, steel, food, housing etc.etc.etc. The indexes, PPI CPI, weights are manipulated to lie about inflation. "CPI shows inflation has been below 2% for 20 years" They don't tell you they adjusted the CPI weighting, in the index, of education, medicine, and housing to get the number they want. For example, buying a home isn't factored in the CPI because that is a "capital expenditure", they have routinely dropped the percentage weights of medicine and education. They can't keep inflation under wraps much longer.
Smart. Thanks for the insight