If you believe the government inflation data in the US or UK, you are a fool.
I repeat, you are a fool.
How the government can report 2% to 3% inflation with a straight face is beyond me. Just go to the grocery store. Just try to fill up your gas tank. Just try to send a kid to college, or buy healthcare. Just go to the dentist (oops, sorry, scratch that one). Just try to get by.
2% to 3%. Who are they kidding?
Families' annual grocery bill rises by £800
Families are having to spend almost £800 more on their annual grocery bills as the highest rate of food inflation for a generation drives up supermarket prices, research suggested yesterday.
A kilo of Tesco garden peas has increased from £1.10 to £1.79; a dozen medium free-range eggs from Sainsbury's has climbed from £1.75 to £2.58; and a bag of fusilli pasta from Asda has almost doubled, from 37p to 67p.
The increases suggest that supermarket food inflation is more than seven times the official rate of inflation.
April 25, 2008
UK report: Grocery prices up 15% in the past year. Yet the UK government, like their lying peers in the US, reports inflation is under control
Posted by blogger at 4/25/2008