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Title : U.S. Inflation Higher Than Reported
link : U.S. Inflation Higher Than Reported

U.S. Inflation Higher Than Reported

 

Asia Times: US Inflation more horrible than Washington admits  

Shelter inflation is running at 10%-15% a year, not the reported 3.4%, and that’s a third of household budgets  

The US Consumer Inflation Report for October was horrible, showing a 12% annualized rate of price change. But it’s even worse than it looks. 

The shelter component of the index lags the more reliable private

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gauges of rent inflation. 

That means worse is to come. 

Three US companies publish national rent indexes – CoreLogic, Zillow and Apartmentlist.com – and their readings of year-on-year rent inflation range from 9% to 16%. 

But the US Bureau of Labor Statistics reports a year-on-year rise in the rents of just 3.4%. Shelter represents a third of household expenditures according to the Consumer Price Index.  

Read more ....  

WNU Editor: The US is not the only country experiencing high levels of inflation .... China has a big inflation problem and it's pushing up prices worldwide (CNN).

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