Price inflation isn’t here, huh? The cost of living isn’t inching higher, eh? Well, this chart – the Personal consumption expenditures price index – shows a line soaring since January 2011, according to the Federal Reserve. Prices are definitely going higher as a result of excessive money printing by Janet Yellen and Co.
From Wikipedia:
It consists of the actual and imputed expenditures of households and includes data pertaining to durable and non-durable goods and services. It is essentially a measure of goods and services targeted towards individuals and consumed by individuals.
The two percent inflation target rate is a joke. Even without food and energy, the index is still pretty high. Price inflation is here, and if you thought 2014 was high then you ain’t seen nothing yet.
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