For years now, government statisticians, Keynesian economists and Federal Reserve officials have continually dismissed any suggestions that United States consumers are suffering from rapid price inflation, something that they say is non-existent because they cherry pick the data.
Perhaps this chart compiled by The Federalist using data from the Bureau of Labor Statistics (BLS) will wake them up from an insouciant state and finally make them admit inflation is here – but it’s doubtful this will happen anytime soon.
According to the BLS data, food prices have soared since Sept. 2013:
– Eggs: 13 percent
– Beef and veal: 10.2 percent
– Pork: 9.7 percent
– Fresh fruits: 7.3 percent
– Seafood: 4.9 percent
– Dairy: 3.9 percent
Meanwhile, hourly wages have not risen significantly enough to keep up with the cost of living.
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