Originally Posted by
El Peso
Now the question. Do you not believe that CPI items are going to go down in the future? Do you think that the housing cost, energy cost, grocery cost etc are here to stay and will only continue to climb from now on? Most of these issues (minus the energy cost) were driven by COVID lockdowns.
I don't believe CPI accurately measures inflation, which is why a CPI+ multiplier should be used.
"... if inflation was still calculated the way that it was back in 1990, the official rate of inflation would be above 10 percent right now [February 2022]
. And if inflation was still calculated the way that it was back in 1980, the official rate of inflation would be above 15 percent right now."
A5S
https://thewashingtonstandard.com/is-the-real-rate-of-inflation-more-than-twice-as-high-as-the-number-we-were-just-given/