Inflation is Under Control, Unless You Eat, Drink, Need a Doctor, or Drive a Car

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The unfortunate part of enjoying a self-enforced news blackout during a hurricane is that one misses the big picture economic news events which keeps us geeks moving forward analyzing what is and has been happening in our greater society.

Last week’s economic reports on inflation were colorful to say the least.

Here are some examples of the media’s latest economic and political propaganda efforts:

Is U.S. inflation finally under control? – Baton Rouge Business Report October 10, 2024

Inflation in September 2024 cools to its lowest level since February 2021 – NBC News October 10, 2024

Inflation Continues to Decline, Beating Forecasts – US News and World Report September 27, 2024

U.S. inflation reaches lowest point in 3 years, though some price pressures remain – AP October 12, 2024

US inflation still slowing, but not fast enough for seniors – Oxford Economics October 11, 2024

U.S. inflation reaches lowest point in three years – Microsoft News(MSN) October 10, 2024

And on, and on, and on it goes. If one looks at the September PCE headlines, one sees the same thing.

The reality?

Here is the Atlanta Federal Reserve Bank’s Sticky CPI for September:

Needless to say it does not take a math genius to figure out that real inflation, the inflation the average person endures, is still double the Fed target which means the embedded inflation from the impulse from 2022 has yet to decline.

Prices remain too high for this economic structure as designed by the Modern Monetary Theorists and the Keynesian fantasy promoters. Hence the ideas of propaganda like “funflation” and “funemployment” will probably return to the American lexicon before all is said and done should the socialist left achieve political dominance.

What does this look like to the average American individual?

Here’s a prime example from this author at a local Publix on Friday, October 11th: