Nope, Definitely No Inflation Here Submitted by Tyler Durden on 12/18/2013 17:15 -0500
Despite yesterday's governmental reassurance (a la Venezuela and Argentina) that there is no inflation in the US, the reality for the average man in the street is a little different. We have previously noted that gas prices are 25% above their average price of the last decade but it is another staple that is more worrisome for many in America. As CNSNews reports, the average price of ground beef hit an all-time high this week at $3.61 per pound (up from just $1.82 per pound in 1980). As both a home-cooked and fast-food staple, the price of ground chuck alone has risen 45% in the last 10 years. Nope, no inflation here... . . . .
Shadowstats: The blue line = inflation measured without 'enhancements' since mid 1980's which have changed the CPI from measuring a set standard of living to measuring a declining standard of living.
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Wed Dec 18, 2013 5:56 pm
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