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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (770341)2/22/2014 9:18:33 PM
From: Bilow  Read Replies (1) of 1574849
 
Hi mindmeld; Nice website. Unfortunately for you, it shows that the government's estimates for inflation are only wrong by about 0.5% per year. Look at the 6th column:

Net Reduction in CPI-U inflation from Changes in Methodology


As Reflected in the CPI-U-RS versus CPI-U Series (1980 to 2011)
Table Described in Text following, Sources: ShadowStats, BLS
Year

 Average
CPI-U-RS

 (1)
CPI-U-RS
Yr/Yr
Average
CPI-U

 (2)
CPI-U-RS
Yr/Yr

 (1)-(2)
Change in
Annual
Inflation*

 Cumulative
Annual
Inflation
Shortfall
1980

 127.1

 82.4

 0
1981

 139.2

 9.5%

 90.9

 10.3%

 -0.8%

 -0.8%
1982

 147.6

 6.0%

 96.5

 6.2%

 -0.1%

 -0.9%
1983

 153.9

 4.3%

 99.6

 3.2%

 1.1%

 0.1%
1984

 160.2

 4.1%

 103.9

 4.3%

 -0.2%

 -0.1%
1985

 165.7

 3.4%

 107.6

 3.6%

 -0.1%

 -0.2%
1986

 168.7

 1.8%

 109.6

 1.9%

 0.0%

 -0.3%
1987

 174.4

 3.4%

 113.6

 3.6%

 -0.3%

 -0.5%
1988

 180.8

 3.7%

 118.3

 4.1%

 -0.5%

 -1.0%
1989

 188.6

 4.3%

 124.0

 4.8%

 -0.5%

 -1.5%
1990

 198.0

 5.0%

 130.7

 5.4%

 -0.4%

 -1.9%
1991

 205.1

 3.6%

 136.2

 4.2%

 -0.6%

 -2.5%
1992

 210.3

 2.5%

 140.3

 3.0%

 -0.5%

 -3.0%
1993

 215.5

 2.5%

 144.5

 3.0%

 -0.5%

 -3.5%
1994

 220.1

 2.1%

 148.2

 2.6%

 -0.4%

 -4.0%
1995

 225.4

 2.4%

 152.4

 2.8%

 -0.4%

 -4.4%
1996

 231.4

 2.7%

 156.9

 3.0%

 -0.3%

 -4.7%
1997

 236.4

 2.2%

 160.5

 2.3%

 -0.1%

 -4.8%
1998

 239.7

 1.4%

 163.0

 1.6%

 -0.2%

 -5.0%


1999

 244.7

 2.1%

 166.6

 2.2%

 -0.1%

 -5.1%
2000

 252.9

 3.4%

 172.2

 3.4%

 0.0%

 -5.1%
2001

 260.0

 2.8%

 177.1

 2.8%

 0.0%

 -5.2%
2002

 264.2

 1.6%

 179.9

 1.6%

 0.0%

 -5.1%
2003

 270.1

 2.2%

 184.0

 2.3%

 0.0%

 -5.2%
2004

 277.4

 2.7%

 188.9

 2.7%

 0.0%

 -5.1%
2005

 286.7

 3.4%

 195.3

 3.4%

 0.0%

 -5.2%
2006

 296.1

 3.3%

 201.6

 3.2%

 0.1%

 -5.1%
2007

 304.5

 2.8%

 207.3

 2.8%

 0.0%

 -5.1%
2008

 316.2

 3.8%

 215.3

 3.8%

 0.0%

 -5.1%
2009

 315.0

 -0.4%

 214.5

 -0.4%

 0.0%

 -5.1%
2010

 320.2

 1.7%

 218.1

 1.6%

 0.0%

 -5.1%
2011

 330.3

 3.2%

 224.9

 3.2%

 0.0%

 -5.1%


Now it's true that, over time, small changes do add up, hence the graphs you've posted.

What you've provided is an independent verification that there is no hyperinflation, at least right now, and that the official government indications of inflation are substantially correct. You're arguing over stuff on the right side of the decimal point.

But it's even worse than that for your argument. Look at the data after the split I put between 1998 and 1999. You can see that for the years 1999 to 2011, the "shadowstats" and the government figures differ by at most 0.1% and that they average to zero. In other words, since 1999, the government figures are spot-on.

-- Carl
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