Inflation is worse than the government is telling you

 Andrea Widburg:

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Even this rare burst of actual news from the AP, though, is a lie, since the government no longer calculates inflation as it did during the 1970s and 1980s.  In a compelling monologue, Tucker Carlson explains to Americans that we're facing an inflationary rate that's significantly more severe than it was a few decades ago:

Tucker walks viewers through the core changes to the Consumer Price Index and the gaslighting in which Democrats are engaging but the real kicker comes when he points out how specific prices in ordinary goods have increased dramatically:

In the last year, the price of a used car, for example, is going up by more than 30%. Beef prices have risen by 21%. Crude oil up 55%. Dimensional lumber, 35%. Wheat, 37%. Sugar, 33%. Corn, 39%. Palm Oil, 43%. Do you drink coffee in the morning, ever? Oh, too bad. The price of coffee has risen 108% in the last year. Do you like breakfast cereal? Oh, sorry. Oats are up 114%.

And those are just the numbers you see on the label at the grocery store. In addition to conventional inflation, consumers also face widespread shrinkflation. That's an informal term that economists use for the stealth shrinking of consumer products. So companies sell you less for the same price. Have you bought a Snickers bar recently? If it seems a lot smaller than it used to, that's because it is.

For me, the only good thing to come out of all of this is that my beloved Häagen-Dazs chocolate ice cream has finally priced itself out of my reach.  I miss it terribly, but my overall health is probably better without it in my life.

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The video is about 12 minutes, but it is worth your time.  Tucker focuses not just on the cost of consumables like food and fuel.  Inflation is even higher for hard assets like homes and rents.  In Southern California rent for a modest home that was $800 a month has now tripled.  No wonder that state has a homeless crisis.  It is one of the reasons why Californians are moving to Texas and driving up the cost of homes in Austin.

Used car prices are high because the chip shortage has reduced the inventory of new cars and dealers are bidding up the price of used cars just to get some inventory on their lots.  

What we do not see is any effort by the Biden administration to really address these problems.  They keep lying about this inflation being transitory.  There are no commissions studying the problem.  That could be because the White House isn't sending people out to deal with the real inflation.