India’s CPI-based inflation surges to 7.44% in July on 11.51% retail food inflation

India’s consumer price index (CPI)-based inflation rose sharply to 7.44 per cent in July, according to data released by the Ministry of Statistics  and Programme Implementation (MoSPI) on Monday. This is considerably higher than 4.87 per cent in June.

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What about the United States?

The CPI for all food increased 0.1 percent from May 2023 to June 2023, and food prices were 5.7 percent higher than in June 2022.

or

Consumer inflation eases grip on U.S. households

Food prices, which have pressured Americans’ budgets for more than two years, rose a mild 0.2% from June to July. Eggs, meat, beer and dairy products all declined in price, though food is still up 4.9% over the past 12 months.

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We are told that inflation is falling so the Federal Reserve will not raise their discount rate. This “fact” also put negative pressure on the prices of gold and silver. What is the truth? We have to go no further than the grocery store or gas station to see what is true.

Here is a perfect example of government propaganda:

Not So Fast With The CPI Celebrations: Rents Are Surging Again And Back To Record Highs

The good news is that as the CPI report continues to lag the actual economic data with its traditional 12-month lag, rents have continued to slide, and in fact the latest Apartment List data showed that the “rental market hit a big milestone this month, as national rent growth is finally negative year-over-year.”

This means that on average across the nation, apartments today are renting for less than they did one year ago. This marks a major deceleration from recent years, when annual rent growth neared 18% nationally and soared to over 40% in a handful of popular cities.

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While Apartment List’s rent index may itself be lagging the price data by a few months due to compilation and calculation delays, that of real estate brokerage RedFin appears to be even more accurate and “real-time”, and has found that after rising since the start of the year, the median US asking rent in July was $2,038, just $16 below the record high set in August 2022.

In other words, not only is the YoY rental print about to turn positive again, it will do so just as rents print a new all time high!

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The government uses smoke and mirrors to hide a collapsing economy. Just in time for a world war where the US has depleted its energy reserves (I wonder who got the money from the strategic oil reserve), no ammunition (sent to Ukraine), a woke military and an illegal government that wants to rule over the ashes of the nation.

Keep your eyes on the truth that is clearly discerned. Keep your faith by following the path set out for you by the Lord. Be vigilant and maintain operational security or you may end up like Jim Stone.

David DeGerolamo

Source: https://ncrenegade.com/indias-cpi-based-inflation-surges-to-7-44-in-july-on-11-51-retail-food-inflation/