Shadow Government Statistics reports a 9.6% inflation rate using pre-1980 methodsPosted: April 12, 2011
CNBC provides a revealing summary of the latest newsletter from Shadow Government Statistics (SGS). According to SGS, inflation is running at a 9.6% clip using BLS methods in place before 1980 that did not use hedonic adjustments to try to account for the change in quality of products. Rolling back just 22 years gives a 5.5% inflation rate.
See “Inflation Actually Near 10% Using Older Measure” for more details.