Why is it that the federal government says the U.S. has virtually no inflation – less that 2 percent – but everything keeps getting more expensive, especially food and gasoline? …
Solving this riddle – that is, why everything costs so much when the government tells us inflation rates are low – is simple:
The Bureau of Labor Statistics lies.
Inflation numbers are intentionally manipulated to keep cost-of-living numbers low.
If the average chief executive officer cooked balance sheet numbers the way the U.S. Bureau of Labor Statistics calculates the Consumer Price Index, the CEO would be in jail, even without Sarbanes-Oxley reporting standards.
Why does the federal government lie about inflation?