#1406 Dave Collum | The Economy Is Worse Than You Think
The Pomp Podcast
Beware the Hidden Costs of Inflation
Breakfast prices illustrate the significant rise in costs, with meals doubling in price as inflation persists. Despite claims of inflation stabilizing, input costs are still rapidly increasing, pointing to deceptive narratives about economic relief. The Consumer Price Index (CPI) is criticized for its flawed methodologies, particularly its heavy reliance on housing costs, which are determined through questionable surveys. This process leads to potential underestimations of true inflation, as adjustments based on perceived improvements in consumer goods obscure the real financial strain people face.
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