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Bloomberg News admits consumer price data may understate inflation
Inflation Is Actually a Lot Higher Than You Think
By Shuli Ren
Bloomberg News
Wednesday, August 12, 2020
After almost a decade in hibernation, gold bugs are roaming the earth again. A fast drop in the dollar's real yield and the uptick of a favored gauge of inflation expectations have sent the metal on a wild ride.
Skeptics might say there isn't enough evidence of rising prices to warrant a neck-breaking run in gold, traditionally seen as a hedge against inflation. (Maybe all that lockdown isolation had bond traders imagining things.)
... Dispatch continues below ...
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In July, U.S. consumer prices rose 1% from a year earlier, well below the Federal Reserve’s 2% target. Meanwhile, at 2.7%, the headline figure in China remained in check, even as pork and fresh vegetable prices soared.
But here's a thought: What if our governments aren't measuring consumer prices correctly? Is it possible that inflation is actually lot higher? ...
... For the remainder of the report:
https://www.bloomberg.com/opinion/articles/2020-08-12/inflation-is-highe...
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