Are Shadow Stats reliable?
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 is John Williams of Shadow Stats?
“John” Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (www.ShadowStats.com).
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 …
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 |
What is shadow inflation?
Shadow inflation refers to a type of inflation that is much harder to capture in the consumer price index. That’s because the price of a good or service may stay the same, but the quality has gone down.
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 the real inflation rate?
Inflation for Older Adults For the one-year period ended December 2020, CPI-E was 6.4%. That was a hair below the 7.0% CPI for the broad population during that same period.
What is the true inflation rate in the US?
| Actual | Previous | Highest |
|---|---|---|
| 8.30 | 8.50 | 23.70 |
What is the true US inflation rate?
Has the US ever had inflation?
Inflation rates went as high as 14.93%, causing the Federal Reserve led by Paul Volcker to take dramatic actions. US Inflation Rate is at 8.26%, compared to 8.54% last month and 4.16% last year. This is higher than the long term average of 3.25%.
Does 2020 have inflation?
Using the updated weights, the researcher re-computes the US inflation rate. He estimates that, as of April 2020, the annual inflation rate in the United States was 1.06 percent, as compared with 0.35 percent as reported by the CPI.
