They’ve always lied with numbers, and economics are no different.
Inflation: • The Old-Line PPI Commodity Series Finished Goods Inflation Hit a New 41-Year Peak of 12.5% in October 2021 • Third-Quarter 2021 GDP Annual Inflation Hit Its Highest Level Since First-Quarter 1983 • 2022 Social Security Cost of Living Adjustment Was Set at a 39-Year High of 5.9%, while the Shadows Alternate-CPI Measure Suggested a 13.9% COLA Would Have Been More Realistic [Expanded detail follows in the LATEST NUMBERS and BUSINESS CYCLE Sections