The Market Ticker - Inflation Is NOT Single-Digit
If you ever wanted more evidence that the so-called “inflation index” (CPI) was rigged to the degree that it is an outright fraud you need only look around.
I’ve known and pointed this out, particularly where it comes from in the methodology. The crazy train of “Owners Equivalent Rent” is one of the largest elements of it, yet not the only one.
But recent travel underlined it in bold print when I went back to my “old stomping grounds” for a few days.
First, lodging was up some 40% over equivalent week blocks and of course the county bed tax is on top of that as a percentage, so the area is “flush” with plenty of tourism development…….
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Source: https://market-ticker.org/akcs-www?post=248955
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