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07/02/2005 Archived Entry: "the real inflation rate"

We've been puzzled for a while by the frequent media pronouncements of "low inflation." Wendy has written before about how we're seeing prices for almost everything going up, to an alarming degree. So I thank Daniel Andrade, writing in The Watchful Investor, for providing this link to an article about how the FedGov fiddles the inflation number. Andrade cites a report suggesting that the real inflation rate is about 2.7% higher than the "official" number, and goes on: "if the 6-8% number for inflation we see in other websites is true, we're currently in a negative real interest rate environment."  —brad