Inflation

– “It’s Foolish To Believe The Endgame Is Anything But Inflation…”

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– How Inflation Bites Much More than the Official Hoax:

This is a principle every consumer has experienced: Official inflation is low, and there is scaremongering by central banks and the media about deflation even. But in reality, when it comes time to buy big-ticket items, prices are much higher than they’d been a few years ago. Everyone who bought new vehicles over the years knows this. It’s called “sticker shock.” But it purposefully doesn’t show up in the inflation numbers.

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– Former Sainsbury’s chief predicts consumers face a 5% hike in food prices post-Brexit and warns a high street chain will fold:

Shoppers will be hit by a 5 per cent rise in food prices as supermarkets struggle with a post-Brexit slump in the pound, a former supermarket chief warned.

Former Sainsbury’s CEO Justin King said the fall in the value of Sterling has created a ‘profound problem’ and warned the worst was still to come.

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H/t reader squodgy:

“Official Government figures for inflation have been fudged for thirty years by removing items considered ’embarrassing” from the Government Official Consumer Shopping Basket. That is so insulting.

Read moreHow Inflation Bites Much More than the Official Hoax

FYI.

– 2017 Will Be The Year Of Inflation

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– INFLATION ABOUT TO EXPLODE HIGHER:

“Those who are capable of tyranny are capable of perjury to sustain it.” ? Lysander Spooner

We all know the BLS artificially suppresses the CPI through bullshit substitution adjustments, quality adjustments, and various other incomprehensible hedonic adjustments made by government apparatchiks at the behest of their politician bosses. Some obscure theoretical academic  calculation called owners equivalent rent accounts for almost a quarter of the CPI weighting.

It has no relation to reality as it has increased by only 12% since 2012, while the Case Shiller Housing Price Index is up 52% over the same time frame. The median price of existing home sales is up 30% over the same time frame. It also has no relation to rent increases, as they have gone up 22% nationally since 2012. It’s essentially a made up number by goal seeking bureaucrats doing the bidding of their establishment masters.

Read moreINFLATION ABOUT TO EXPLODE HIGHER

“Ask any “SENSIBLE” housewife responsible for the economic and financial control of her household “are prices rising?” And the responses will be a unanimous yell….YES!

Governments have learnt to hide figures by manipulating statistics, removing products with increasing costs from the shopping basket and generally lying. Anyone can establish this from real life, as well as the Internet.

In UK since Brexit vote prices for imports (on which we now rely since Thatcher) have increase in accordance with the reduction in Sterling value.

All part of the plan.”

UK inflation recorded its sharpest jump in more than two years in September, even without any direct evidence of the weaker pound pushing up prices.Annual UK consumer price inflation rose to 1% from 0.6% in August, the highest level since November 2014 and the biggest jump from one month to the next since June 2014, the Office for National Statistics said.

Economists polled by Reuters had expected a reading of 0.9%, and today’s figure was at the top end of the range of forecasts.

They are likely to view September’s rise as only the start of a much broader increase, fuelled by the pound’s near 20% plunge since June’s vote to leave the European Union.

Read moreUK inflation sees biggest jump in two years