The total inflationary damage done to Americans consumers since 2020 varies according to who you ask. Stats from the Federal Reserve and government are muddled in a series of creative mathematics in order to make the situation look much better than it is. CPI is not a valid indicator of true inflation given it is watered down with over 80,000 items and services, and many of them are not necessities for the common US household. If we look only at necessities like housing, food and energy, the economic picture looks increasingly bleak.
https://www.activistpost.com/2023/10/ticking-time-bomb-food-inflation-is-crushing-millions-of-low-income-americans.html
https://www.activistpost.com/2023/10/ticking-time-bomb-food-inflation-is-crushing-millions-of-low-income-americans.html
The total inflationary damage done to Americans consumers since 2020 varies according to who you ask. Stats from the Federal Reserve and government are muddled in a series of creative mathematics in order to make the situation look much better than it is. CPI is not a valid indicator of true inflation given it is watered down with over 80,000 items and services, and many of them are not necessities for the common US household. If we look only at necessities like housing, food and energy, the economic picture looks increasingly bleak.
https://www.activistpost.com/2023/10/ticking-time-bomb-food-inflation-is-crushing-millions-of-low-income-americans.html