Is inflation really going down?

7.14.23 - Is inflation really going down?

Gold last traded at $1,957 an ounce. Silver at $24.96 an ounce.

The Mainstream Media Is Not Telling You The Truth About Inflation -The Economic Collapse Blog

Inflation is going down! Isn't that wonderful? When many less educated Americans hear this news, they will think that prices are going down. But that is not true at all. In fact, prices are still going up. They are just going up at a slower rate than they were before. According to the federal government, the Consumer Price Index was only 3 percent higher in June 2023 than it was in June 2022. That sounds like pretty good news, but it is imperative to realize that the formula used for the Consumer Price Index has literally been changed dozens of times over the decades. If the rate of inflation was still calculated the way that it was back in 1980, it would still be well into the double digits.

So we should be thankful that prices have moderated a bit (for now), but anyone that believes that inflation is "under control" is just being delusional.

Month after month, the cost of living just keeps becoming more oppressive for average Americans. At this point, U.S. families are under so much financial stress that they are even "skimping on everyday items such as toothpaste and toilet paper"...