Inflation Still Around 5% Despite Media Hype, Everyday Prices Reveal
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Inflation remains around 5% despite recent CPI drops, revealing a gap between media reports and economic reality.
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Proper analysis requires examining BLS data on prices in areas less affected by unusual supply/demand shifts.
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Tracking everyday products and services shows inflation still around 5%, the "fiat money inflation" rate.
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The Fed needs rates above 5% and must reverse 2020's money creation to truly dampen inflation.
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Claims inflation is defeated and rates will fall are premature; underlying inflation remains a threat.