Inflation Data Sparks Biggest Market Crash Since Covid Lockdowns – Ep 840
The Peter Schiff Show Podcast
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Is the C P I a Good Thing?
Consumer prices are up 14 % over the past two years. That is a massive inflation tax that americans are paying this year because we're paying 14 % more than we paid to buy the same stuff two years ago. Even in the unlikely event that by august of next year, the fet is able to reduce year over year c p i to two %, that would still be a 16 point three % increase over three year. Of course, more likely inflation won't go down, it will stay the same or go up. And so the three year increase in prices could be between 20 and 25 %. If official prices are up 25 %, real prices are probably up 50 %.
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