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https://fullstackeconomics.com/no-the-real-inflation-rate-isnt-14-percent/

Click the link above to check out the full article. The article goes into detail to discuss the recent theory that inflation is actually 15%. This theory is being shared online by a number of big name people (Jack Dorsey, CEO of Twitter and Dr. Jordan Peterson), with a large number of followers. The problem is the math behind getting to that 15% just does not add up - more in the article on this. There are so many sources of "news" out there, you have to do your own due diligence it seems every time you read something.

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Last week, the Bureau of Labor Statistics announced that the official inflation rate had soared to 6.2 percent in October, the highest level in decades. But some conspiracy-minded analysts insist that the true inflation rate is much higher. Last Wednesday, for example, self-help guru Jordan Peterson tweeted a chart that purports to show the year-over-year inflation rate is almost 15 percent, not 6 percent.

The problem is that Williams’s adjustment is way larger than it should be. The BLS has changed its methodology over the years, but all of those changes put together have probably changed the measured annual inflation rate by a fraction of a percentage point—not the 6 to 8 percentage points Williams claims

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The article linked and mentioned above was posted November 17, 2021 and written by Timothy B Lee at https://fullstackeconomics.com/. ‍

This article was prepared by CJ Stevens and Jerry Kallitsis who are both mutual fund representatives with Investia Financial Services Inc. This is not an official publication of Investia Financial Services Inc. The views expressed in this article are those of the author alone, and are not necessarily those of Investia Financial Services Inc. The content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial or other advice. All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity.