[parkingrift]

8% YoY would indeed be a comical amount of inflation. I don't believe shadowstats is implying such an increase.

The reason people don't believe the official CPI numbers is because the CPI numbers are not properly weighted for life or dollar impact. If we look from 1970 the price of health care has increased 54x, a new house has increased 19x, and annual tuition has increased 25x. If the price of milk increases 19x what do I care? I'll just stop buying milk. I don't want to stop being alive, I need a place to live, and I want and need an education.

Even the numbers they do include seem gamed or fake. Shelter shows a 6.9% increase year over year, but the price of houses is up 17% over that same period and the price of rent is up 12-30%. I'm sure there is some ling winded explanation for how shelter excludes such and such thing, but it just loudly screams bullshit for many (most?) Americans.

>And see that consumer goods/services can't have increased by that much or otherwise everyone would be destitute...

I think people are pretty destitute to be honest.

[mrep]

Look at the 1980 based graph [0]. They are definitely implying 7-5-10% inflation for the past 25 years.

[0]: http://www.shadowstats.com/alternate_data/inflation-charts