Real Economic Inflation Data The Public Deserves To See

When government officials and economic experts talk as though this country does not have an inflation problem, I don't know whether to laugh or get angry. The average person on the street knows better.


Consider the following data provided by David Stockman's ContraCorner.com website. Here is a sampling of David's data:

1. Barrel of oil in January 2000 was $24.11. By March 2014 the cost rose to $100. That's a 314% increase.
2. Gallon of gas in January 2000 was $1.27. By March 2014 the cost rose to $3.51. That's a 176% increase.
3. One dozen eggs in January 2000 was $0.97. By March 2014 the cost rose to $2.00. that's a 106% increase.
4. Annual healthcare spending per capital in January 2000 was $4,550. By March 2014, the number rose to $9,300. That's a 104% increase.
5. Average monthly rent in January 2000 was $635. By March 2014, the number rose to $890. That's a 40% increase.

I don't see any percentage increases in David's data less than 20%. We need people in Washington, DC that speak truth even when the numbers aren't pretty.


For the complete set of David Stockman's data, I encourage you to go to the following article.