{"id":1601100,"date":"2022-08-11T11:49:56","date_gmt":"2022-08-11T15:49:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1601100"},"modified":"2022-08-11T11:50:02","modified_gmt":"2022-08-11T15:50:02","slug":"true-rate-of-inflation-much-higher-than-official-government-figures-show-expert","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/true-rate-of-inflation-much-higher-than-official-government-figures-show-expert\/","title":{"rendered":"True Rate of Inflation \u2018Much Higher\u2019 Than Official Government Figures Show: Expert"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrue-rate-of-inflation-much-higher-than-official-government-figures-show-expert%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1601100&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>While the White House took a victory lap on Wednesday\u2019s declining <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a> print, some experts say the true rate of inflation in the United States is much higher than the officially-reported data indicates.<\/p>\n<p>The Bureau of Labor Statistics (BLS) <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">reported on Aug. 10<\/a> that the headline pace of inflation, as reflected in the Consumer Price Index (CPI), ticked down from a 41-year high of 9.1 percent in June to 8.5 percent in July.<\/p>\n<p>At the same time, the month-over-month CPI inflation figure came in at 0 percent\u2014meaning the pace of price growth stayed flat between June and July\u2014prompting President Joe Biden to take a victory lap saying that the \u201ceconomy had zero percent inflation in the month of July.\u201d<\/p>\n<p>Some analysts and Biden\u2019s political opponents objected to the White House messaging on \u201czero\u201d inflation by arguing that the president was cherry-picking the data by focusing on the month-over-month pace of growth while overlooking that the year-over-year rate of inflation\u2014the established method for measuring inflation\u2014remained a historically elevated 8.5 percent.<\/p>\n<p>Further, some analysts say that the officially reported figures understate the true pace of inflation, citing factors like a lag in housing costs being reflected in the government\u2019s CPI inflation gauge.<\/p>\n<p>Former President Donald Trump also\u00a0<a href=\"https:\/\/www.theepochtimes.com\/trump-blasts-biden-over-soaring-prices-says-true-inflation-rate-is-much-much-higher-than-9-1-percent_4619824.html?utm_source=ai_recommender\">recently argued<\/a> that the pace of price growth in America was \u201cmuch, much higher\u201d than official data suggests and telling rally-goers in Arizona that inflation is \u201cgoing higher and higher all the time.\u201d<\/p>\n<p>\u201cIt\u2019s costing families nearly $6,000 a year, bigger than any tax increase ever proposed,\u201d Trump said at the July 22 rally.<\/p>\n<p> <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Trump-Arizona-rally-3-1200x775-1.jpg\"><\/a> Former President Donald Trump attends a rally in support of Arizona GOP candidates, in Prescott Valley, Ariz., on July 22, 2022. (Mario Tama\/Getty Images) Alternative Inflation Measures <\/p>\n<p>An alternative CPI inflation gauge developed by economist John Williams, calculated according to the same<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the White House took a victory lap on Wednesday\u2019s declining inflation print, some experts say the true rate of inflation in the United States is much higher than the officially-reported data indicates. The Bureau of Labor Statistics (BLS) reported on Aug. 10 that the headline pace of inflation, as reflected in the Consumer Price [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1601100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1601100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1601100"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1601100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1601100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1601100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1601100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}