What is shadow government statistics?

“John Williams’ Shadow Government Statistics” is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and …

Are Shadow Stats reliable?

It is simply not credible. ShadowStats fails another crosscheck. Has Williams Simply Made a Mistake? This table is of critical importance because it is the source of 5.1 points of the 7 percentage point gap between the official BLS inflation rate and the ShadowStats inflation rate.

Who owns ShadowStats?

Walter John Williams
Shadowstats.com

Type of site	Analyses Government Economic & Unemployment Statistics
Headquarters	Petaluma, CA – USA
Owner	Walter John Williams
URL	shadowstats.com
Current status	Online

What is SGS Alternate CPI?

SGS Standard CPI — As announced in early-June, Shadow Government Statistics is developing an alternate, monthly consumer price index, that will be published on a regular basis, starting this quarter. A full methodology and current and reconstructed historical data will be published in next month’s “Reporting Focus.”

How the CPI is manipulated?

The CPI has been repeatedly calculated and recalculated since the 1980s to underestimate the actual inflation rate. The CPI doesn’t care about helping you maintain your current standard of living. Politicians are able to manipulate the inflation rate by using academic approaches to calculating the rate of inflation.

What is the true inflation rate 2021?

7.0%
For example, the rate of inflation in 2021 was 7.0%. The last column, “Ave,” shows the average inflation rate for each year using CPI data, which was 4.7% in 2021….Current US Inflation Rates: 2000-2022.

Element	Annual Inflation Rate
2018	1.9
2019	2.3
2020	1.4
2021	7

What is the real inflation rate 2021?

For example, the rate of inflation in 2021 was 7.0%. The last column, “Ave,” shows the average inflation rate for each year using CPI data, which was 4.7% in 2021….Current US Inflation Rates: 2000-2022.

Element	Annual Inflation Rate
2018	1.9
2019	2.3
2020	1.4
2021	7

Is inflation actually 15 percent?

According to Shadow Stats, if inflation today were measured by the same methods as it was in the 1980s, inflation would be closer to 15 percent. Even by the standards used in the 1990s, today’s inflation would be over ten percent.

Is the CPI rigged?

CPI isn’t “rigged”. CPI measures exactly what it measures and measures it transparently. Whether you think it and it’s constituent parts are good metric for measuring inflation is a different conversation. But that doesn’t make it “rigged”.

Why is CPI inaccurate?

However, one limitation of the CPI is that the consumer goods it considers do not represent all production or consumption in the economy. Therefore, as a basic economic barometer, the CPI is inherently flawed. Currently, the basket of goods includes basic food and beverages such as cereal, milk, and coffee.

Is U.S. headed for hyperinflation?

Some people believe the U.S. is headed toward hyperinflation due to past and possible future government stimulus behavior. Experts, in general, do not believe hyperinflation is likely.

Why is U.S. inflation so high?

The rise in inflation is being largely driven by post-pandemic demand and the war in Ukraine. Inflation is on the increase around the world, with food and energy prices hitting record highs. The rise has been driven in large part by pent-up consumer demand after the pandemic and the Russian invasion of Ukraine.

What will inflation be in 2021?

2021: The Year of High Inflation

	PCE Price Index	CPI
2016-19	1.8%	2.1%
2020	1.3%	1.3%
2021	5.8%	7.1%
COVID-19	4.0%	4.7%

Why is CPI criticized?

The CPI has been criticized for having both an upward bias (overstating inflation) and a downward bias (understating inflation).

What is the most accurate price index?

The CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today’s prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period.