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IPFS News Link • Economy - Economics USA

"A Constant State Of Sticker Shock"- Here Is Proof That Inflation In The U.S. Is...

• by Michael Snyd

Our standard of living just keeps going down, and even JPMorgan Chase CEO Jamie Dimon is admitting that "inflation is hurting people".  But how can inflation be "hurting people" if it is under control?  Of course the truth is that it isn't under control.  If the official rate of inflation was still measured using the formula that was in place in 1980, it would be well into double digit territory right now.  Prices have been rising much faster than paychecks have, and that is putting an extraordinary amount of financial stress on the more than 60 percent of U.S. adults that currently live paycheck to paycheck.

Vox is a website that leans very far to the left, and even they are complaining about inflation.