Skip to main content

National Inflation Association Addresses Latest BLS CPI Inflation Data

Corruption Sucks Blog has been warning the public about this problem since 2003!





NIA Addresses Latest BLS CPI Inflation Data

The U.S. Bureau of Labor Statistics (BLS) reported their latest consumer price index (CPI) inflation data this past Thursday. According to the BLS, U.S. consumer prices for the month of February 2011 were up 2.11% on a year-over-year basis compared with February 2010.

February’s year-over-year increase of 2.11% was up 29% from January’s year-over-year increase of 1.63% and is now above the Federal Reserve’s informal inflation target of 1.5% to 2%.

Even the manipulated BLS numbers are showing that price inflation is beginning to spiral out of control, yet the mainstream media is doing everything possible to downplay inflation. Despite the BLS’s reported rate of price inflation rising above the Fed’s target, the media is ignoring this and referring to “core CPI”, which excludes food and energy (the two very things Americans need the most to live and survive). The media is focusing on the core CPI number, which was up 1.09% from a year ago compared to a year-over-year increase of 0.95% in January (even the growth of this meaningless number is rapidly rising), and saying that inflation remains below the Fed’s target.

On a month-to-month basis, the CPI rose 0.5% in February. This was based off of a 2.2% monthly increase in unadjusted gasoline prices. The U.S. government’s own Department of Energy (DOE) reported gasoline prices up 3.7% last month (which NIA considers to be a lot more reliable). Based on a 3.7% increase in gasoline prices like the DOE reported, the month-to-month increase in the CPI was actually 0.6%.

NIA believes that real year-over-year price inflation in the U.S. is now approximately 6% on a conservative basis. NIA predicts that even the BLS’s artificially low manipulated CPI will rise above 3% on a year-over-year basis by the early summer.

In November of 2010, the CPI was only up 1.1% on a year-over-year basis. At 2.11% in the month of February, the CPI’s year-over-year growth has risen by 92% over a period of just three months. In percentage terms, it is shocking just how fast CPI increases are rapidly accelerating. Yet, not one person in the mainstream media is pointing to this 92% figure, which NIA considers to be the most important (it is probably the most accurate piece of data that we can possibly derive from the BLS’s CPI reporting).

The media continues to say inflation is low and not a problem. At the current rate of 92% in quarterly (three month) increases to year-over-year CPI growth, the CPI’s year-over-year increases could exceed 4.05% by May, but NIA is being conservative with its projection of 3% in official reported year-over-year CPI growth to be reached by June of 2011. By then, NIA believes real price inflation will be around 7%. In our opinion, real U.S. price inflation is likely to rise into the double-digits in the second half of 2011.

It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us/

Comments

Popular posts from this blog

WAYNE BEWLEY CRIME FAMILY: The True Colors of Corruption in LRPD [UPDATED]

BREAKING: CITY OF LITTLE ROCK IS UNDER  CRIMINAL AND  CIVIL RICO INVESTIGATIONS: ATTEMPTED MURDER, CONSPIRACY & VIOLATIONS OF TITLE VI The Bordeaux Band of West Feliciana Houma-Choctaw People command INDISPUTABLE indigenous sovereign rights. We DO NOT abdicate or defer these rights because we are involved or engage in commerce or any other programs and/or services with the public or government. The State of Arkansas officially acknowledged these indigenous rights by way of the Arkansas Department of Education in 2005 after a year-long, highly intensive and exhaustive Equity Assistance Center (EAC) investigatory review, led by Tripp Walter of the Arkansas DOE Legal Counsel Division. After which, the state of Arkansas confirmed the Bordeaux Band of West Feliciana Houma-Choctaw are a "Protected Ethnic Class", in accordance to Title VI federal regulations and statutes; e thnically unique unto themselves & their unique historic culture  pre -dates USA acquisition, per  Tr

NLRPD OFFICER TOMMY "FUCKBOY" NORMAN EXPOSED AS A FRAUD EXPLOITING THE BLACK COMMUNITY

NLRPD OFFICER TOMMY "FUCKBOY" NORMAN EXPOSED  AS A FRAUD EXPLOITING THE BLACK COMMUNITY MORE TO COME, STAY TUNED... Life Event for Fuckboy Norman... Fuckboy Norman does NOT love Black Folks, he just LOVES fetishizing Black Women.  The YOUNGER, the better for a groomer like Fuckboy Norman, indeed... If Fuckboy Norman only cared about his OWN kids as much as the Black women's children he was preying on. https://www.facebook.com/russ.racop/posts/1601486969988088 https://www.facebook.com/el.bordeaux.3/posts/395819601277341 Fuckboy Norman even has the fucking nerve to  con y'all into paying for his own wedding... https://www.facebook.com/el.bordeaux.3/posts/395966517929316 Anyone with half a mind can see that this pervert fuckboy is suss asf and not the sorta' dude you want around your underaged Black daughter... 27 Hilarious Ways To Explain Exactly What A ‘Fuckboy’ Is https://www.facebook.com/russ.racop/p

PCSSD reluctantly releases records regarding abusive former teacher

  PCSSD reluctantly releases records regarding former teacher Is PCSSD a shitty district, with shitty leadership and shitty teachers?   Russ Racop - March 30, 2021 On March 5th Karla Lasiter, a kindergarten teacher at Crystal Hill Elementary school, forced a Black five year old student to unclog a poop and toilet paper filled commode using his bare hands. The student's family complained and Lasiter was removed from the classroom and quickly resigned in an attempt to make the matter go away. We sent a Freedom of Information request to the school district... and as usual, they were extremely unwilling to comply with the requirements of the AFOIA.   ... and as usual, they were extremely unwilling to comply with the requirements of the AFOIA.   We waited another three days and sent another email. The PCSSD failed to provide the materials in the statutory time.  They blamed it on the departure of Jill Clark, a communications legal associate for the district. PCSSD is still fuming over m