Equities (September 13)
2018/ 09/ 14 by jd in Global News
In the U.S., many dismiss inflation because it’s “only about 3%,” a big mistake. In real life, it’s actually “closer to 10%” as revealed by the Chapwood Index, a real-time inflation monitor. “Most cities are seeing inflation at or above 10% per year!” This “stealth inflation” is overlooked “because nobody really sees it unless they are paying attention… Packages of pretzels and chips and snacks contain less than they used to, yet their prices are rising…. Those 16-oz packages may be only 13-oz. now.”
Tags: Chapwood Index, Inflation, Packages, Prices, Real time, Stealth inflation, U.S.
