CNBC’s Rick Santelli exposed the deception behind the latest inflation numbers, which the White House is citing as proof inflation is cooling off. Santelli looked at Raw Consumer Price Index, which shows that rate is currently at 307.05, which is down from the September rate of 307.78, a level not seen in over 100 years.
The difference between September and now is negligible, at best, meaning we are still at historic highs for the real inflation rate. It is compounded with the seasonally adjusted raw data set, which shows the number at an “all time high,” at 312.25 according to Santelli.
Excerpt:
The new consumer price index (CPI) numbers are out and it looks based on it that the Fed wouldn’t be cutting interest rates soon.
You may be seeing Democrats pushing numbers are “going down” or “cooling.” But increasing less than the prior month’s increase is still increasing.
… CNBC’s Rick Santelli also explained something that Joe Biden hopes we don’t understand when we’re talking about these numbers — compounding.
… Santelli said if you look at the CPI raw indexes, in September, it hit the highest ever at 307.78, that was the “all time high going back over 100 years.” It’s 307.05 right now.
The core, which is seasonally adjusted raw data, he said was at an “all time high” at 312.25, and has “never ever been higher.”
3 thoughts on “The Real Inflation Rate is Much Worse Than the MSM Tells You”
Comments are closed.